re: Ann: LinQ Announces 2009 Estimated Distri... Could someone...

re: Ann: LinQ Announces 2009 Estimated Distri... Could someone clarify exactly what is happening with LRF for me?
What is clear from their announcements is that a distribution of one cent per unit will be made. However, the release goes on to say that:
On 1 June 2009, the Fund announced that its tax status had changed to a public trading trust for
tax purposes for the year ended 30 June 2009, which will for the first time see the Fund taxed as though it were a company and pay income tax at the company tax rate of 30%. As a consequence of this change to a public trading trust for tax purposes, the Fund is no longer required to distribute all its taxable income in any given year. However, in addition to providing capital growth in the Fund, the Fund also aims where ever possible, to pay a yield to Unitholders, The actual distribution amount will be finalised at a meeting of the Board of LinQ Capital Limited following the completion of the audited accounts of the Fund for the year ended 30 June 2009.
A previous release said:
The tax status of the Fund will change to a public trading trust for tax purposes from the year ended 30 June 2009 and the Fund will be taxed as though it were a company and pay income tax at the company tax rate of 30%, which will result in the Fund having a distribution policy similar to that of a company.
From the first release, it seemed clear that LRF would be a Company starting in the next financial year. The latest release appears to suggest that LRF is already a Company.