So here you are

PIF ACTION GROUP UPDATE 10 MARCH 2016 g]
Windup of the Premium Income Fund
Dear long suffering PIF Action Group Unitholders,
The final chapter of the PIF saga is now complete as Wellington Capital Limited (WCL) has wound up and terminated The Premium Income Fund (PIF) and made a final distribution to Unit holders.
Final Payment:
The FINAL payment of $0.0071 per unit in relation to the units held by you in the Premium Income Fund (Fund) was made on 8 March 2016 and should be in your bank account for electronic transfers or by cheque shortly, according to your pre-arranged preference.
As notified to investors on 9 November 2015, the Fund is being wound up in accordance with section 601NC of the Corporations Act 2001 (Cth) and clause 26 of the Fund's Constitution. This FINAL payment has been made to Unit holders after deducting all relevant liabilities and expenses of termination of the Fund and accounting for anticipated expenses in accordance with clause 26.6 of the Constitution.
This FINAL payment is made by way of a capital return and represents your proportionate share (based on the number of Units held at the Record Date) of the realised value of the remaining fund assets. There is no tax payable on this return. A tax statement for the financial year ending 30 June 2016 will not be issued by the Fund to Unit holders.
Final accounts for the Fund will be audited in accordance with Clause 26.5 of the Constitution and the Corporations Act. These accounts will be lodged with ASIC.
If in the event that on completion of the winding up of the Fund, the responsible entity of the Fund has in its possession or control any unclaimed or undistributed money that was part of the Fund, it will pay the money to ASIC to be dealt with under Part 9.7 of the Corporations Act 2001 (Cth). If this occurs Unit holders can make application to ASIC for unclaimed monies.
Wellington Capital PIF website is as follows: http://www.wellcap.com.au/
Centrelink:
A copy of the letter to Centrelink confirming all units in the Fund have been cancelled is attached for your reference if required (see the attached PDF file).
Disposal of Units – Tax Credits:
All units in the Fund have been cancelled. WCL understand that this is a disposal for tax purposes and any loss on disposal will be available to you (please however seek your own professional advice).
ARL
You should be aware that on 5 September 2012, the Premium Income Fund (PIF) assigned certain of our assets and liabilities to ARL
ARL remains a separate entity to the now wound up PIF and is still operating. Your shares in ARL remain in effect if you have not sold them. As to what amount our ARL shares return (if any) is yet to be determined in time
ARL website here: http://www.arlimited.com.au/home

If you have any questions or desire PIFAG committee assistance, please contact us as under.

Sincerely,
PIF ACTION GROUP COMMITTEE
Email: [email protected]
or by Post to:
PO Box 9056, Port Macquarie NSW 2444
Disclaimer Notice for PIF AG:
PIF AG Committee Members and Reps are not qualified Lawyers, Accountants or Financial Advisors; we are PIF investors like you and any information given above is simply our personal opinion and could contain errors. If you are making any decisions about your PIF/ARL investments, please verify any relevant PIF AG information to your own satisfaction first; also you may wish to seek professional legal and financial advice. We take no responsibility for the above information content.
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