18 May 2010
Pacific First Mortgage Fund Meeting of Unitholders Update
BalmainTRILOGY would like to advise all Pacific First Mortgage Fund Unitholders
that the Meeting of Unitholders of the Fund (Meeting), originally planned for
June 2010 (as advised to Unitholders in the PFMF Newsletter on 13 April 2010),
will now be held in mid/late July 2010 in Brisbane, Queensland. The Meeting will
allow Unitholders to consider, and vote upon, resolution/s pertaining to the
proposed New Fund Strategy.
The reason for this delay is that the independent
directors of the responsible entity, Trilogy Funds Management Limited, have
requested that PKF prepare an Independent Expert Report (IE Report) in respect
of the New Fund Strategy and that the IE Report be provided to all Unitholders
as part of the Notice of Meeting and Explanatory Memorandum (NoM & EM) for the
Meeting. Unfortunately the IE Report will not be completed by PKF until the end
of May 2010. This will delay the posting of the NoM & EM to Unitholders to
mid/late June 2010 hence the Meeting can only occur in mid/late July 2010.
A
firm date for the meeting will be advised when the Independent Expert Report has
actually been completed and an appropriate venue has been booked.
If you believe
that you may not be able to receive the NoM & EM when it is posted in mid/late
June 2010 due to other commitments that you may have please contact the Client
Services Team on Freecall 1800 194 500 to discuss your options for voting.