19 Nov 2021 17:08:00
Announcement for the 5th Capital Reduction of Hemaraj Industrial Property and Leasehold Fund (HPF)
Capital reduction Subject : Capital reduction Date announced : 19-Nov-2021 Decreasing value of units (THB per unit) : 0.105 Par value before capital reduction (THB : 9.513 per unit) Par value after capital reduction (THB : 9.408 per unit) Book closing date for fixing the names : 07-Dec-2021 of unitholders for the right to receive payment from fund's capital reduction Ex-Capital Return date (XN) : 02-Dec-2021 Payment date : 23-Dec-2021 Remark : Ref.MFC PT.083/2021 November 19, 2021 President The Stock Exchange of Thailand Dear Sir, Re: Announcement for the 5th 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 November 19, 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) : 9.513 2. Decreasing value of investment units (THB per unit) : 0.105 3. New par value after the capital reduction (THB per unit) : 9.408 4. Book closing date to determine unitholders' rights to receive capital reduction payment : 7 December 2021 5. Ex-Capital Return date (XN) : 2 December 2021 6. Payment date : 23 December 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 ______________________________________________________________________ This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.