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13 September 2024
| Name: | API FUND (APR) |
| Date of Listing: | 22 April 2005 |
| Date of Delisting: | 14 November 2008 |
Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 14 November 2008.Legal Status:
ACN: 112 307 114
Registration Date: 05 January 2005
Deregistration Date: 14 June 2009
Capital Gains Tax (CGT) Status:
This entity was deregistered on 14 June 2009. Deregistration is a Capital Gains Tax Event. In our opinion you are entitled to crystallise any capital loss in the tax year that deregistration occurs providing you have not previously done so. If you did not crystallise your loss in the tax year the entity was deregistered, you may seek to re-open that year’s assessment but anyway should seek professional advice as to how best to proceed.
Updates, corrections, disagreements please email to admin@delisted.com.au
Further information: deListed and InvestoGain are operated by Investogain Pty Limited which is licensed by ASIC as an Australian Financial Services Licensee (AFSL 334036). deListed acquires only securities that it deems to be of little or no value, in circumstances where the holder is unable to sell their securities on-market in the normal manner. This service has been provided online via the company’s website www.delisted.com.au since 2004.
Getting advice: Information provided in this section is of a general nature and applicable only to Australian tax residents who hold their investments on capital account (ie for long-term investment purposes). It has been prepared without taking into account your financial needs or tax situation. Before acting on the information, deListed suggests that you consider whether it is appropriate for your circumstances and recommends that you seek independent legal, financial, or taxation advice.
Disclaimer: The information provided above is to the best of our knowledge accurate as of today. But you should bear in mind that it is of a general nature and does not constitute financial or tax advice. Investogain Pty Limited accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
REGISTRY:
Boardroom Pty Ltd
Level 8, 210 George Street, Sydney NSW 2000
Tel : +61 2 9290 9600 or 1300 737 760
Fax : +61 2 9279 0664 or 1300 653 459
RegistryWebsite RegistryEmail
Austock Funds Management Limited as the responsible manager informs API unitholders that the fund has been wound up and that the Australian Social Infrastructure Fund (ASIF) and the unsecured creditors suffered losses of about $3.4 million - there were therefore no funds available for unitholders nor was there any distribution to unitholders during the 2008/09 financial year - unitholders therefore suffered the full loss of their investment and in our opinion are entitled to claim that as a capital loss (you should seek independent professional advice on this matter) | 16/03/2009 |
delisted following the passing of the resolution to remove the Fund from the official list of ASX Limited | 14/11/2008 |
we understand that the fund was delisted "having regard to API's diminished size, limited ongoing market appeal, historically low trading (which has largely occurred at a substantial discount to the NTA value per Unit), the continuing costs of ongoing listing, compliance and management, and the broadening gap between traded price and NTA for Api's listed peers" .... "delisting is also a key step in progressing the proposed orderly wind-up of Api" | 14/11/2008 |
unitholders vote in favour of the delisting proposal and the fund will be delisted at COB 14 November | 13/11/2008 |
unitholders are to vote on the delisting proposal on 13 November 2008 | 10/10/2008 |
Austock Funds Management Limited (AFML) believes that it is in the best interest of Api unitholders to commence the orderly wind-up of Api and delist the fund from the ASX - the net proceeds received from the wind-up of Api will be returned to unitholders - AFML proposes to maintain the suspension of Api's units on the ASX pending the delisting of the fund - an application for delisting is being lodged with the ASX and, subject to the ASX's decision on that application and any conditions imposed, AFML believes that Api's delisting should occur by the end of September 2008 | 02/09/2008 |
the securities of API Fund (the "Fund") will be suspended from quotation at the close of trading on Thursday, 10 July 2008, at the request of the Fund, pending the outcome of the meeting of unitholders to consider the proposed stapling of the units in the Fund to units in The Australian Social Infrastructure Fund and shares in Austock Diversified Property Limited ("Stapling Proposal") | 10/07/2008 |
suspension of trading in the securities of API Fund (the "Fund") will be lifted immediately, following the release of announcement by the Fund regarding a merger proposal with Australian Social Infrastructure Fund | 07/04/2008 |
the suspension is expected to last until Wednesday 2 April 2008 | 31/03/2008 |
securities of API Fund (the "Fund") will be suspended from quotation immediately, at the request of the Fund, pending the release of an announcement by the Fund | 26/03/2008 |
Austock Funds Management Limited as the responsible manager informs API unitholders that the fund has been wound up and that the Australian Social Infrastructure Fund (ASIF) and the unsecured creditors suffered losses of about $3.4 million - there were therefore no funds available for unitholders nor was there any distribution to unitholders during the 2008/09 financial year - unitholders therefore suffered the full loss of their investment and in our opinion are entitled to claim that as a capital loss (you should seek independent professional advice on this matter) | 16/03/2009 |
delisted following the passing of the resolution to remove the Fund from the official list of ASX Limited | 14/11/2008 |
we understand that the fund was delisted "having regard to API's diminished size, limited ongoing market appeal, historically low trading (which has largely occurred at a substantial discount to the NTA value per Unit), the continuing costs of ongoing listing, compliance and management, and the broadening gap between traded price and NTA for Api's listed peers" .... "delisting is also a key step in progressing the proposed orderly wind-up of Api" | 14/11/2008 |
unitholders vote in favour of the delisting proposal and the fund will be delisted at COB 14 November | 13/11/2008 |
unitholders are to vote on the delisting proposal on 13 November 2008 | 10/10/2008 |
Austock Funds Management Limited (AFML) believes that it is in the best interest of Api unitholders to commence the orderly wind-up of Api and delist the fund from the ASX - the net proceeds received from the wind-up of Api will be returned to unitholders - AFML proposes to maintain the suspension of Api's units on the ASX pending the delisting of the fund - an application for delisting is being lodged with the ASX and, subject to the ASX's decision on that application and any conditions imposed, AFML believes that Api's delisting should occur by the end of September 2008 | 02/09/2008 |
the securities of API Fund (the "Fund") will be suspended from quotation at the close of trading on Thursday, 10 July 2008, at the request of the Fund, pending the outcome of the meeting of unitholders to consider the proposed stapling of the units in the Fund to units in The Australian Social Infrastructure Fund and shares in Austock Diversified Property Limited ("Stapling Proposal") | 10/07/2008 |
suspension of trading in the securities of API Fund (the "Fund") will be lifted immediately, following the release of announcement by the Fund regarding a merger proposal with Australian Social Infrastructure Fund | 07/04/2008 |
the suspension is expected to last until Wednesday 2 April 2008 | 31/03/2008 |
securities of API Fund (the "Fund") will be suspended from quotation immediately, at the request of the Fund, pending the release of an announcement by the Fund | 26/03/2008 |
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| NAME | TITLE | DATE OF APPT |
|---|---|---|
| David McCusker | Director | |
| John James Farlow | Company Secretary |
Date of first appointment, title may have changed.
| NAME | TITLE | DATE OF APPOINTMENT | DATE OF RESIGNATION |
|---|---|---|---|
| Trevor Moyle | Non Exec Chairman | 21/09/2005 | 02/03/2007 |
| Rodney Keown | Managing Director | 31/08/2000 | 02/03/2007 |
Date of first appointment, title may have changed.
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