More than three years after the directors of Wellington Investment Management Limited advised Premium Income Fund unitholders that if they voted in favour of the three proposed resolutions the Fund will have the following features:
a buy-back of up to 37.75 million of the Units at 45 cents per Unit will occur by
18 September 2009;
cash payments totalling 3 cents per Unit will be made by 24 December 2008 with the first payment to be made
in October 2008, the second in December 2008 and quarterly thereafter; Investor Advisory Committee will be elected by Unitholders. The Investor Advisory Committee will liaise
directly with Wellington in relation to Unitholders’ issues.
None of the above ever eventuated along with many other committments.
OCV
octaviar limited
