Announcement of the project amendments

The Company would like to inform you of the amendments to the above projects as approved by the Office of the Securities Exchange Commission (SEC) on 9 July 2019 which can be summarized that the revisions have been made to clauses 7.4 and 9 by adding the criteria for a pay-in-kind arrangement for a redemption order of a provident fund intending to receive securities to be invested in a Mutual Fund for the Provident Fund. The allocation of such securities will be made by comparing the market value of the portfolio and the redemption proceeds that the fund has to pay to the provident fund unitholder. Each securities will be allocated in accordance with the percentage of the market value of such securities in the portfolio on the redemption day. The fraction of which will be paid by money. Unitholders can check details of the above criteria from the Company’s website at www.aberdeenasset.co.th.

 

The above amendments will be effective 12 August 2019 onwards. The Company will not charge the redemption or switching-out fees (exit without fee) for 30 days before the amendments take effect of which the period of the fee exemption shall apply to the redemption transactions being made during 13 July 2019 to 11 August 2019.

 

The Company would like to further inform you that the above amendments are made to facilitate the transfer of a provident fund’s investment in a general mutual fund to the Mutual Fund for the Provident Fund thereby reducing the impact on the collection of corporate income tax from a general mutual fund investing in debt instruments. The said action does not affect the value of the investment units of these 3 funds and, even though the size of the funds will decrease, the liquidity of the funds remain unchanged. Please reassure that our fund manager team is able to manage the funds in accordance with the investment policy as stated in the fund’s scheme.