I refer back to the payment date clarifying NSX PIF announcement released on the 8th Dec http://www.nsxa.com.au/ftp/news/021724699.PDF::
Wellington Capital Limited as responsible entity of the Premium Income Fund wishes to clarify the expayment
date set out in the announcement made to the market on 30 November 2011.
The ex-payment date is 1 December 2011, not 2 December 2011 as previously advised. This date applies
only to Unitholders who transferred (i.e. sold on market, or transferred off-market) their units during the
period before 1 December 2011. Where units are transferred before 1 December 2011, the transferring
Unitholder will receive the cash payment. Unitholders who transfer their units after 1 December 2011 will
not receive the cash payment.
Now lets look at the NSX trade history for Dec 1 2011
3:45:38 PM 52,275 units were traded at 0.081cents.
Now who is entitled to the 1 cent pending payment due to Wellington Capital Limited changing the ex-payment date? The buyer or the seller? Well my information is that BOTH received the payment!!!!!!! How many off market transfers were made on Dec 1 that we DON'T know about that copped a double dip?? How much did this stuff up cost the Premium Income Fund and should we be held financially responsible??
OCV
octaviar limited
