Binding of proteins to the PolyA signal sequence and to the
     Binding of proteins to the PolyA signal sequence and to the U-rich region downstream, results in formation of a complex that brings these two regions into proximity.  Cleavage of the pre-mRNA then takes place...  downstream of the U-rich region  between the polyA sequence and the U-rich region  within the polyA signal sequence  within the U-rich region   
  
  Solution
The cleavage of pre -mRNA takes place between the polyadenylation sequence and the GU-rich sequence (or U-rich sequence) at the cleavage site marked by the (5\'-CA-3\') sequences.
So answer is between poly A sequence and U+rich region

