News Detail

Date/Time
18 Aug 2021 17:18:00
Headline
Announcement for the 4th 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                           : 18-Aug-2021
Decreasing value of units (THB per unit) : 0.102
Par value before capital reduction (THB  : 9.615
per unit)
Par value after capital reduction (THB   : 9.513
per unit)
Book closing date for fixing the names   : 02-Sep-2021
of unitholders for the right to receive 
payment from fund's capital reduction
Ex-Capital Return date (XN)              : 31-Aug-2021
Payment date                             : 20-Sep-2021
Remark                                   :
Ref.MFC PT.067/2021

August 18, 2021

President
The Stock Exchange of Thailand

Dear Sir,

Re: Announcement for the 4th 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 that the Fund has unrealized loss from the revaluation of asset
resulting in accumulated loss of the Fund. Hence, the Fund cannot distribute
dividend as normally which creates excess liquidity in the Fund. In order to pay
the excess liquidity resulting from non-cash item as stated above, the Fund can
 distribute such excess liquidity by capital reduction process.

On August 18, 2021, 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)             : 9.615
2. Decreasing value of investment units (THB per unit)                 : 0.102
3. New par value after the capital reduction (THB per unit)             : 9.513
4. Book closing date to determine unitholders' rights to receive
    capital reduction payment                             : 2 September 2021
5. Ex-Capital Return date (XN)                             : 31 August 2021
6. Payment date                                 : 20 September 2021

Note: The latest dividend distribution guideline according to the Notification 
of Capital Market Supervisory Board No. Tor. Nor. 37/2564 (effective from May
16, 2021) states that in the event that the fund has accumulated loss, the
management company is prohibited from paying dividend.



Please be informed accordingly

Yours truly,



Ms. Natree Panassutrakorn
Executive Vice President




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