The Australian Dairy Nutritional Group (ASX: AHF) is proposing to wind up its registered managed investment scheme, Australian Dairy Farms Trust, due to its purpose being accomplished.

Shareholders have already voted in favor of the unstapling of the shares in Australian Dairy Nutritionals Limited from the units in the Trust.

All holders of units in the Trust have been sent a notice which outlines the proposal to wind up the Scheme and that a meeting to consider the proposed winding up may be requested by certain unitholders within 28 days of the Notice being given.

A class ruling is being sought from the Australian Tax Office to confirm that the unstapling and winding up of the Trust will not give rise to adverse income tax implications for unitholders of the Trust.