15/05/2017
As you would be aware, the settlement of these proceedings was subject to confidentiality and to Trilogy Funds Management Limited in its capacity as responsible entity for the Fund receiving Judicial Advice from the Federal Court of Australia that it was justified in accepting the terms of the settlement deed and settling the proceedings on those terms. We are pleased to advise that the Judicial Advice has now been received and the settlement is now being finalised.
It is now necessary to account for all costs and expenses of the professional advisers and the others before implementing a plan to make a further distribution to Unitholders.
We will keep you informed of progress with a view to any further distribution being made.