News Detail

Date/Time
28 Feb 2022 17:05:00
Headline
To notify the omission of dividend payment of MFC Patong Heritage Property Fund (M-PAT) for the three-month period ended 31 December 2021
Symbol
M-PAT
Source
M-PAT
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                Dividend payment / Omitted dividend payment

Subject                                  : Omitted dividend payment
Date of Board resolution                 : 28-Feb-2022
Omitted dividend payment from            :
    Operating period from 01-Oct-2021 to 31-Dec-2021
Remark                                   :
28 February 2022


To    The President
The Stock Exchange of Thailand

No. Kor Tor Ror. Sor Aor Sor 9/2022 Re: To notify the omission of dividend 
payment of MFC Patong Heritage Property Fund (M-PAT) for the three-month period
ended 31 December 2021

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. 4/2022 held on 28 February 2022 has resolved to approve the omission of
dividend payment for the operating period of 1 October 2021 to 31 December 2021.
As the Fund has only received fixed rental revenue amounting to 0.10 million
baht and no variable rental revenue calculated from hotel performance during
such period under the lease agreement approved by the extraordinary meeting of
unitholders No. 1/2021 via electronic platform. The main reason comes from
ongoing impact from the COVID-19 pandemic. As a result, the Fund has net
decrease in asset from operation in the aforementioned period and recorded
deficit.


Please be informed accordingly


              Sincerely yours

                                                                      (Natree 
Panassuthrakorn)
        Executive Vice President





Property and Infrastructure Fund Department Tel. 02-6492100
______________________________________________________________________
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