From what I can gather from the latest announcement from Wellington Capital,nothing is going to change RE: ARL unless you want to fight it.
Extract from NSX release 5 November 2014
Wellington Capital Limited advises Unitholders and the market that the in-specie distribution of shares in Asset Resolution Limited undertaken on 5 September 2012 remain in place.
The decision of the High Court handed down today upholds the declarations made by the full Federal Court on 28 May 2013.
The decision of the High Court does not impugn the validity of the transfer of legal title in the shares in Asset Resolution Limited.
Unitholders in the Premium Income Fund should seek independent legal advice in relation to the effect of the Judgment in Wellington Capital Limited v Australian Securities & Investments Commission & Anor [2014]HCA43.
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Held
