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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

Company details
Address: Level 1, 350 Collins Street , Melbourne, VIC, 3000
Tel:  (03) 8601 2000 Fax: (03) 9670 3081

Date first listed: 22/04/2005

Sector: Diversified Financials
Industry Group: XFJ
Activities: Structuring, raising capital for, and managing, public funds that invest in Australian property and infrastructure assets and securities

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)


delisted following the passing of the resolution to remove the Fund from the official list of ASX Limited


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"


unitholders vote in favour of the delisting proposal and the fund will be delisted at COB 14 November


unitholders are to vote on the delisting proposal on 13 November 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


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")


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


the suspension is expected to last until Wednesday 2 April 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

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    Directors' on-market share transactions (last 5)


    Click here for the last 20 transactions all companies

    Directors & Executives (current)
    David McCuskerDirector
    John James FarlowCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)
    Trevor MoyleNon Exec Chairman21/09/200502/03/2007
    Rodney KeownManaging Director31/08/200002/03/2007

    Date of first appointment, title may have changed.