Fernvale Unit Trust MIS : Primary Securities

FERNVALE UNIT TRUST MIS
ARSN 085 332 289

Primary Securities Ltd was appointed by the court as temporary responsible entity to replace the previous responsible entity which has been placed in liquidation. On 1st December 2009, at a meeting of members Primary Securities Ltd, was appointed as the permanent responsible entity. The Trust's main asset is over 200 hectares of land at Donnybrook WA which is leased to Preston Vale MIS ARSN 095 622 377.

VALUATION OF VINEYARD

Primary Securities Ltd has obtained a valuation from Hegney Property Valuations of the Preston Vale vineyard. The vineyard has been valued at $4,350,000 subject to the current lease and $5,500,000 without the lease.

Download the valuation Valuation

NOTICE OF MEETING

Letter to Unit Holders dated 19 August 2010.

Notice of Meeting.

Explanatory Memorandum.

Proxy Form.

TAX DISTRIBUTION STATEMENTS

Model letter to the Australian Taxation Office.

RIGHTS ISSUE

At a meeting held on 7th April 2010 the following special resolution was passed.

At a meeting held on 7th April 2010 the following special resolution was passed. “That (subsequent to a 10 for 1 split to take place after the passing of this resolution) the issue of 5,421 new units at $50 each per unit by means of a non-renounceable rights issue at a ratio of 1 new unit for every 10 units held, such units to be issued in accordance with the provisions of section 8.9 of the Constitution of Fernvale Unit Trust MIS ARSN 085 332 289.”

The rights issue closed on 23rd April 2010 and was fully subscribed.

FINANCIAL REPORTS