recovery, page-2

Wonder if you may have sold off half too early ??

The sale of TMFL is on the cards very soon for one would suppose around $10M

If they also sell their 3.7% of TPT units valued at $12.7M see below

Thats about 10c per share

Cash return to shareholders or pay down debt or both who knows ?


"UPDATE - PROPOSED SALE OF WHOLESALE FUNDS MANAGEMENT BUSINESS
DATE: 07.04.2011
Trinity Limited refers to its announcement of 22 March 2011 advising that Trinity Limited and Clarence Property Corporation Limited are to conduct a sales campaign in relation to their interests in their wholesale funds management business, Trinity Funds Management Limited and Trinity Funds Management Services Pty Ltd.
An exclusive due diligence agreement has been entered into with a global fund manager to undertake due diligence in respect of the purchase of that business.
At this time there is no binding contractual arrangement. It is proposed to consult with the institutional investors in the funds managed by that business and the funds? bankers in relation to the proposed transaction"

TRINITY ANNOUNCES SETTLEMENT OF SALE OF 50% INTEREST IN TRINITY FUNDS
MANAGEMENT LIMITED
DATE: 19.05.2010
Trinity Limited (ASX: TCQ) today announced the settlement of the sale of a 50% interest in Trinity Funds
Management Limited and Trinity Funds Management Services Pty Ltd.
The transaction, as announced on 6 May 2010, involves the sale of a 50% interest in Trinity Limited?s wholesale
funds management business to Clarence Property Corporation Limited (Clarence) for a sale price of $4 million
with a deferred payment of $1 million payable, contingent on subsequent events.
As part of the transaction, Trinity Stapled Trust has settled the sale of 6,000,000 units in the Trinity Property
Trust to Clarence for a sale price of $5.4 million.
Total cash proceeds of the settlements are $9.4 million.

TRINITY ANNOUNCES SETTLEMENT OF TRINITY PROPERTY TRUST UNIT SALE
DATE: 01.06.2010
Trinity Group (ASX: TCQ) has announced the settlement of the sale of 15 million Trinity Property Trust (TPT) units owned by Trinity Stapled Trust for $12.7 million. The Trinity Group retains a 3.7% holding in TPT currently valued at $12.7 million.
This transaction as well as other recent transactions, including the sale of a 50% interest in Trinity Funds Management Limited and Trinity Funds Management Services Pty Ltd and 6 million units in TPT to Clarence Property Corporation, has enabled the Group to satisfy its 31 May 2010 loan-to-value ratio (LVR) covenant."