BLUE SKY ALTERNATIVE INVESTMENTS LIMITED (ASX.BLA)

a loss declaration has been issued and the capital loss can therefore be claimed in the financial year the declaration is issued (this declaration was issued on 13 May 2021)

Pilot Partners appointed liquidators

delisted from the commencement of trading on Monday, 31 August 2020, pursuant to Listing rule 17.12.

we understand this company failed and ASX removed the company from listing because its securities have been suspended from trading for a period of two years

The receivers and managers have commenced a restructuring of Blue Sky and its assets, which will be undertaken in phases. The restructuring will commence this week with the transfer of Blue Sky's Real Assets business to Australian Alternative Partners. AAAP will enter into arrangements with Argyle Capital Partners, pursuant to which Mr. Kim Morison and his team will continue to oversee investment management operations of the Real Assets business. ACP wlil utlimately operate on a standalone basis under the leadership of Mr. Morison and his management team. A number of positions regrettably are in the process of being made redundant. All entitlements will be met in full for affected employees. Shares in the company will remain suspended from trading throughout the restructuring process. A return to shareholders is not anticipated based on current expectations.

The parties to the Federal Court proceedings pertaining to the company's Real Assets investment business have now resolved the proceedings on confidential terms.

The company is relying on the relief granted pursuant to section 8 of the ASIC Corporations Instrument 2015/251, which provides an automatic deferral of financial reporting obligations. The automatic deferral operates for a period of 6 months after the date of the administrators' appointment. Therefore, the company does not intend to circulate financial reports to members, or lodge reports with the Australian Securities and Investments Commission, until the expiry of the 6 month deferral period.

Voluntary administrators and receivers and managers have been appointed to Blue Sky Alternative Investments Limited. BSAAF Management Pty Limited communicated to BAF, that it remains solvent in the opinion of BSAAF's directors. BAF directors took steps to secure control of the bank account holding in excess of $29,000,000 by placing a stop on the account and replacing all manager account signatories with the three BAF directors. BAF is considering its options and will take such action as is considered necessary to protect its investment portfolio. BAF directors continue to believe that BSAAF should immediately follow through with its previous commitment to enter into a Memorandum of Understanding with Wilson Asset Management so that BAF shareholders can be given an opportunity to vote on that proposal. This is irrespective of BAF's rights which are fully reserved.

The securities of Blue Sky Alternative Investments Limited will be suspended from quotation immediately under Listing Rule 17.3, following the appointment of receivers and managers and voluntary administrators to BLA.

The suspension of trading in the securities of Blue Sky Alternative Investments Limited will be lifted at the commencement of trading on Wednesday 4 April 2018, following receipt of an announcement by the Company.

The company will hold a teleconference on 4 April 2018 at 9.00am (AEST).

The company issues a response to Foreign Shorter Opinion Piece.

The securities of Blue Sky Alternative Investments Limited will be suspended from quotation immediately, at the request of the Company in accordance with Listing Rule 17.2, pending the release of an announcement by the Company.

listed entity carried for record purposes only