Australian Infrastructure Fund (AIX), the fund managed by Hastings, announced yesterday that it has completed the sale of all of its assets, and is preparing for the return of funds to its securityholders, as previously announced.

The sale of AIX's assets took longer to complete than was initially anticipated. AIX is currently targeting payment of the Main Return by 31 May 2013.

• 12.4% of Australia Pacific Airports Corporation (Melbourne and Launceston Airports)
• 29.7% of the Perth Airport group (Perth Airport)
• 49.1% of Queensland Airports Limited (Gold Coast, Townsville and Mount Isa Airports)
• 28.2% of Airport Development Group (Darwin, Alice Springs and Tennant Creek Airports)
• 40.0% of the equity in HOCHTIEF Airport Capital (interests in Sydney (6.5%), Hamburg (14.2%), Dusseldorf (10.0%) and Athens (13.3%) Airports)
• 6.25% of the equity and 100% of the Class B preference shares in Statewide Roads Limited.

Australian Infrastructure Fund, managed by Hastings Funds Management, was one of Australia's leading diversified transport infrastructure funds.

The Fund's primary objective was to offer investors returns, through cash yield and capital growth, by actively managing a portfolio of transport infrastructure assets for the medium to long term.

Sources: Hastings I & II