"RE Claim Wellington Capital Limited as Responsible Entity of the Premium Income fund is pleased to announce a Settlement Deed has been entered into in relation to the claims by it as Responsible Entity of the Premium Income Fund against KPMG, as compliance plan auditor of the Fund. The settlement remains subject to a number of conditions including Court approval of the settlement of the class action and involves a registration process to determine PIF unitholders eligible to share in the settlement. It is expected the registration process and application for Court approval will be completed by December 2014. Wellington Capital Limited as Responsible Entity of the Premium Income Fund will make a further announcement following approval by the Court."
So, 'IN PRINCIPLE' ditched, forget member show of hand,
and 'here comes the judge' cries ushering in "J Doubtsett "
wannabees.
PIF at its most perilous.
Regards,
OCV Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
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