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20 September 2024
| Name: | GLOBAL PROPERTY FUND (GPY) | |||||||||
| Date of Delisting: | 08 September 2000 | |||||||||
| Former Names: |
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Stock Exchange Status:
This entity was delisted from the Australian Securities Exchange on 08 September 2000.Legal Status:
To our knowledge this is a current registered entity, not in any form of external administration. Subsequent to delisting it may have changed its name. If you have questions about your shareholding they may be taken up with us here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.Capital Gains Tax (CGT) Status:
This company is one of a group of companies that was wound up, privatised, terminated or failed completely. In the event you are still a shareholder and seek to realise a capital loss for tax purposes, we suggest you email: admin@delisted.com.au. Any other enquiries should be taken up with via the online form here: https://www.delisted.com.au/TraceLostSharesLostMoney/index/.
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accepts no liability for any loss arising from reliance on this information, including reliance on information that is no longer current.
| Company | FROM | TO |
|---|---|---|
| GLOBAL PROPERTY FUND | 02/02/1994 | |
| MERCANTILE MUTUAL GLOBAL PROPERTY FUND | 22/10/1987 | 02/02/1994 |
| PENNANT PROPERTY TRUST | 22/10/1987 |
ASIC advises that it has formed the view that the unsolicited offers made by Ross Investments to purchase securities in this entity contravened provisions of the Act - ASIC was further concerned that a brochure and documents attached to some of the offers contained misleading statements and did not comply with the law | 21/01/2005 |
we understand that unitholders received in September 2004 the proceeds of a claim against a former manager/trustee of $0.08918396 per unit and in December 2004 a final distribution of $0.02427241 per unit | 31/12/2004 |
delisted at the request of the Trust following unitholders approval to wind up the Trust | 08/09/2000 |
we understand the small size of the fund made it uneconomic to manage in the new environment of the Managed Investments Act and it was decided to wind it up - unitholders were told they could expect a total distribution of around 28 cents a unit (compared with the last trading price of 26 cents) but we have no confirmation of the actual distribution (although see our note of 31/12/2004 above) - we have been advised subsequently that a distribution of most of the assets has been made to unitholders with the manager withholding some cash to fund a legal action which is continuing - further information is available from the Manager, Australian Growth Properties (AGH) | 08/09/2000 |
name changed from Mercantile Mutual Global Property Fund | 02/02/1994 |
ASIC advises that it has formed the view that the unsolicited offers made by Ross Investments to purchase securities in this entity contravened provisions of the Act - ASIC was further concerned that a brochure and documents attached to some of the offers contained misleading statements and did not comply with the law | 21/01/2005 |
we understand that unitholders received in September 2004 the proceeds of a claim against a former manager/trustee of $0.08918396 per unit and in December 2004 a final distribution of $0.02427241 per unit | 31/12/2004 |
delisted at the request of the Trust following unitholders approval to wind up the Trust | 08/09/2000 |
we understand the small size of the fund made it uneconomic to manage in the new environment of the Managed Investments Act and it was decided to wind it up - unitholders were told they could expect a total distribution of around 28 cents a unit (compared with the last trading price of 26 cents) but we have no confirmation of the actual distribution (although see our note of 31/12/2004 above) - we have been advised subsequently that a distribution of most of the assets has been made to unitholders with the manager withholding some cash to fund a legal action which is continuing - further information is available from the Manager, Australian Growth Properties (AGH) | 08/09/2000 |
name changed from Mercantile Mutual Global Property Fund | 02/02/1994 |
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