Ann: Australian Infrastructure Fund enters into n, page-2

re: Ann: Australian Infrastructure Fund enter... What is the likely amount of residual cash AIX shareholders are likely to receive if the purchase of assets by teh Future Fund goes ahead?

From item 13 (b) of the 30 June 2012 balance sheet the fund had cash at bank of $157 million

Item 24 shows there is $5.24 million in franking credits available.

There are 620,734,000 listed securities.

This from the announcement today:-

"Australian Infrastructure Fund Limited (AIFL) and Hastings Funds Management Limited (HFML), as responsible entity of the Australian Infrastructure Fund (together, AIX), today advised that AIX has entered into a memorandum of understanding in relation to a proposal received from the Future Fund Board of Guardians (Future Fund) to acquire all of AIX’s assets, being AIX’s interests in Perth Airport, Australian Pacific Airports Corporation (Melbourne Airport), Queensland Airports, HTAC, NT Airports and Statewide Roads.

The price proposed by Future Fund for the assets is $2.0 billion. AIX will continue to receive all amounts distributed from its assets in the usual course having regard to past practice, up to the completion of any sale of these assets.

The indicative offer price equates to approximately $3.22 per stapled security which, together with the residual cash held by AIX after allowing for any taxes, payments to the Hastings Group for management and performance fees, transaction related costs and residual liabilities of AIX, is intended to be distributed to securityholders."