News Detail

Date/Time
06 Mar 2020 18:54:00
Headline
Announcement for the 2nd Capital Reduction of Hemaraj Industrial Property and Leasehold Fund (HPF)
Symbol
HPF
Source
HPF
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                Capital reduction

Subject                                  : Capital reduction
Date announced                           : 06-Mar-2020
Decreasing value of units (THB per unit) : 0.122
Par value before capital reduction (THB  : 9.85
per unit)
Par value after capital reduction (THB   : 9.728
per unit)
Book closing date for fixing the names   : 23-Mar-2020
of unitholders for the right to receive 
payment from fund's capital reduction
Ex-Capital Return date (XN)              : 19-Mar-2020
Payment date                             : 07-Apr-2020
Remark                                   :





Ref.MFC PT.019/2020

March 06, 2020

President
The Stock Exchange of Thailand

Dear Sir,

Re: Announcement for the 2nd Capital Reduction of Hemaraj Industrial Property 
and Leasehold Fund (HPF)

MFC Asset Management Public Company Limited, as the management company of the 
Hemaraj Industrial Property and Leasehold 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 March 6, 2020, the Property Investment Committee approves the capital 
reduction of the Fund by decreasing the par value of unit. Details are as
follow:
1. Existing par value before the capital reduction (THB per unit)             : 9.85
2. Decreasing value of investment units (THB per unit)                 : 0.122
3. New par value after the capital reduction (THB per unit)             : 9.728
4. Book closing date to determine unitholders' rights to receive
    capital reduction payment                             : 23 March 2020
5. Ex-Capital Return date (XN)                             : 19 March 2020
6. Payment date                                 : 7 April 2020


Please be informed accordingly and distribute the above information to the 
public.

Yours truly,



Ms. Natree Panassutrakorn
Executive Vice President









REIT, Property and Infrastructure Fund Department
Tel. 0-2649-2000
                
______________________________________________________________________
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