BRANSGROVE PROPOSAL – INACCURATE, INCOMPLETE AND LIABLE TO MISLEAD OR DECEIVE

17 November 2011

We are aware that Unitholders in the Pacific First Mortgage Fund have received correspondence from Matthew Bransgrove, of Bransgroves Lawyers, enclosing a Notice of Meeting of PFMF Unitholders scheduled for 9 December 2011.

The meeting has not been convened by Trilogy or Balmain Trilogy but rather has been convened by Matthew Bransgrove on behalf of an undisclosed group of unitholders. Matthew Bransgrove is Phil Sullivan’s lawyer.

All Unitholders will be receiving a letter from Balmain Trilogy regarding the proposal and the six key reasons why Unitholders should reject the Bransgrove Proposal. These documents can be viewed by clicking on the below links.

Trilogy and Balmain Trilogy recommend that you vote:

AGAINST resolution 1
AGAINST resolution 2

by completing the YELLOW proxy form that you will receive in the mail and returning it to Computershare.

Unitholders should ignore all correspondence received from Stacks, Bransgrove, Sullivan or anyone else associated with the Bransgrove Proposal.

Please call the Balmain Trilogy Client Services Team on 1800 194 500 if you have any questions about the Fund or as to what action to take.

Download

Balmain Trilogy Letter to Unitholders

SIX REASONS YOU SHOULD REJECT THE BRANSGROVE PROPOSAL