26 November 2009

Independent Compliance Audit Report
- Year Ending June 30th 2009

BalmainTRILOGY has recently received an independent Compliance Audit Report on Pacific First Mortgage Fund (previously City Pacific First Mortgage Fund) for the year ending June 30th, 2009. The audit was performed by KPMG and is an annual statutory requirement. The report has been lodged with ASIC.

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