Change of Directors 1 July 2013

Stacks Managed Investments Limited ABN 81 085 843 125, AFSL 227673 (the Company) is pleased to announce the appointment of Mr Peter Smith to the Company's Board of Directors on 1 July 2013.

Peter Smith

Peter Smith is a Solicitor and has practised in Taree for the past 37 years. Whilst in full time practise Peter ran, for many years, his firm's private mortgage lending service. He continues to practise law part time, conduct Arbitrations for the Local Court and be involved in community activities.

The Company also announces the resignation of Mr Noel Gilmour. The Company thanks Noel for his outstanding contribution to the Company over the last 12 years and wishes him every success in his future endeavours.

The information provided in this website should be regarded as general information only, rather than as advice. It has been prepared without taking account of any person's objectives, financial situation or needs. Because of that each person should, before acting on any such information, consider its appropriateness, having regard to their objectives, financial situation and needs. The Mortgage Fund is NOT a bank deposit. Investment in The Mortgage Fund is subject to INVESTMENT RISK, including possible delays in repayment and loss of income or principal invested. The income paid by The Mortgage Fund varies from quarter to quarter and The Mortgage Fund may achieve lower than expected returns in future quarters. No guarantee can be given that future performance will be reflected by data of past performance. Investment in The Mortgage Fund can only be made under the current relevant product disclosure statement (PDS) issued by Stacks Managed Investments Limited ACN 085 843 125 | AFSL 227673 which is available from this website or our office.