she'll be right mate! whenever

Sale of Assets for $5.2 million
Wellington Capital Limited as responsible entity of the Premium Income Fund is pleased to announce that it has entered into an unconditional contract to sell for $5.2 million, its interest in:
the Peppertree joint venture;
the units held by it in the Dole Property Trust;
the balance due to the Fund in relation to the sale of the security property at Lane Cove;
the balance due to the Fund following the sale of the security property at Lithgow, New South Wales; and
its loan to Seiza Finance Pty Ltd.
The sale is due to settle and consideration of $5.2 million is payable, by 18 June 2013.


Completion of Sale Announced - 17 April 2013
Wellington Capital Limited as responsible entity of the Premium Income Fund announced on 17 April 2013 that it entered into an unconditional contract to sell its interest in five assets being:
the Peppertree joint venture;
the units held by it in the Dole Property Trust;
the balance due to the Fund in relation to the sale of the security property at Lane Cove;
the balance due to the Fund following the sale of the security property at Lithgow, New South Wales; and
the loan to Seiza Finance Pty Ltd.
Completion of the sale occurred on 18 June 2013. $1.2 million was received at settlement. The balance
$4 million is now the subject of a secure loan agreement between the Fund and the purchaser and is due and payable by 30 September 2013.

Sale of Assets for $5.2 million – update
Wellington Capital Limited as responsible entity of the Premium Income Fund announced on 17 April 2013 that it entered into an unconditional contract to sell its interest in five assets with completion of the sale occurring on 18 June 2013. $1.2 million was received at settlement.
The balance $4 million was due and payable by 30 September 2013.
A further $100,000 has been received and payment of balance $3.9 million has been extended to 31 March 2014 by agreement.