Welcome to the Challenger Infrastructure Fund
Challenger Infrastructure Fund (CIF) is an externally managed investment vehicle which was listed on the ASX until 31 December 2012.
As a result of a CIF strategic review, it was announced in late 2012 that CIF would sell its two infrastructure assets (LBC and Inexus) with capital returned to unit holders and CIF wound up. At an Extraordinary General Meeting on 15 August 2012, unit holders approved the sale of Inexus and the subsequent wind up of CIF and return of capital to unit holders.
In October 2012 CIF was notified by the Australian Taxation Office (ATO) that it has been selected for an audit in relation to the taxation treatment of certain foreign income. As a result of the notification from the ATO, the independent directors of Challenger Listed Investments Limited (CLIL), the responsible entity of CIF, have retained $0.13 per unit to allow for the orderly management and finalisation of the audit.
In November 2012 $1.27 of capital was returned to unit holders, with CIF retaining $0.13 per unit in relation to the ATO audit.
CIF was delisted by the Australian Stock Exchange on 31 December 2012. CIF will comply with its continuous disclosure obligations by releasing announcements on its website. Any updates in relation to the ATO audit will also be released on the CIF website.
CIF's interim financial report for the six months ended 31 December 2012 will be released around the 5 February 2013 and will be available via CIF's website.