News Detail

18 Nov 2019 17:22:00
Announcement for the Capital Reduction of MFC Patong Heritage Property Fund (M-PAT) No.1
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                Capital reduction

Subject                                  : Capital reduction
Date announced                           : 18-Nov-2019
Decreasing value of units (THB per unit) : 0.10
Par value before capital reduction (THB  : 10.00
per unit)
Par value after capital reduction (THB   : 9.90
per unit)
Book closing date for fixing the names   : 03-Dec-2019
of unitholders for the right to receive 
payment from fund's capital reduction
Ex-Capital Return date (XN)              : 29-Nov-2019
Payment date                             : 20-Dec-2019
Remark                                   :
Ref : MFC PT. 102/2019
November 18, 2019
 The President
The Stock Exchange of Thailand

Dear Sir,

Re : Announcement for the Capital Reduction of MFC Patong Heritage Property Fund
 (M-PAT) No.1

MFC Asset Management Public Company Limited, as the management company of the 
MFC Patong Heritage Property Fund (the "Fund"), would like to inform you a
summary of the Fund's capital reduction due to the excess liquidity from the
devaluation of asset. In order to pay the excess liquidity from non-cash item,
the Fund can distribute such excess liquidity by capital reduction process.
On November 18, 2019, the Property Investment Committee approves the capital 
reduction of the Fund by decreasing the par value of unit. Details are as
1.    Existing par value before the capital reduction (THB per unit)        : 10.0000
2.    Decreasing value of investment units (THB per unit)            : 0.1000
3.    New par value after the capital reduction (THB per unit)        : 9.9000
4.    Book closing date to determine unitholders' rights to receive
capital reduction payment                        : 3 December 2019
5.    Ex-Capital Return date (XN)                        : 29 November 2019
6.    Payment date                            : 20 December 2019

Please be informed accordingly.

Yours faithfully,

(Ms. Natree Panassutrakorn)
Executive Vice President

REIT, Property and Infrastructure Fund Department
Tel. 02-649-2000
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