Trilogy Funds Management Ltd (Trilogy) is pleased to announce that the meeting of unitholders in the LM Wholesale Management Income Fund was held in Sydney today.
The meeting resolved, with 56.8% of units on issue voting in favour, to remove the Responsible Entity (RE) LM Investment Management Limited and replace them with Trilogy Funds Management Ltd.
The change is effective from the date Trilogy is recorded on the ASIC Register as the new RE. This should occur within the next 7 days.
Trilogy Chairman, Rodger Bacon, thanked the investors and advisors who had supported the vote for change. He also confirmed that they will continue their strategy on behalf of concerned investors and their advisers to bring about a change of RE in the LM Currency Protected Australian Income Fund and ultimately the LM First Mortgage Income Fund.