News Detail

28 Aug 2020 18:28:00
To notify the omission of dividend payment of MFC Patong Heritage Property Fund (M-PAT)
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                Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 28-Aug-2020
Omitted dividend payment from            :
    Operating period from 01-Apr-2020 to 30-Jun-2020
Remark                                   :

28 August 2020

To    The President
The Stock Exchange of Thailand

No. Kor Tor Ror. Sor Aor Sor 70/2020 Re: To notify the omission of dividend 
payment of MFC Patong Heritage Property Fund (M-PAT)

MFC Asset Management Plc., as the Management Company of MFC Patong Heritage 
Property Fund ("the Fund") would like to notify that the Investment Committee
No. 22/2020 held on 28 August 2020 has resolved to approve the omission of
dividend payment for the operating period of 1 April 2020 to 30 June 2020, as
the Fund has considered to stop recognizing rental income, in accordance with
the financial reporting standard No. 15 on revenue recognition, during the
period upon the letter from the Lessee to request the exemption of the rental
fees under the rental contract due to the situation of the outbreak of
coronavirus disease (COVID-19) and temporary closure of hotel operation
according to the COVID-19 epidemic control measures. As a result, the Fund has
net decrease in asset from operation in the aforementioned period and recorded
Please be informed accordingly

              Sincerely yours

        Executive Vice President

Property and Infrastructure Fund Department Tel. 02-6492100
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