News Detail

Date/Time
22 Apr 2022 18:41:00
Headline
Notification of the postponement of the 2022 Annual General Meeting of Unitholders of Multi-National Residence Fund (MNRF) due to the absence of the quorum
Symbol
MNRF
Source
MNRF
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                Schedule of investment unitholders' meeting/trust unitholders' meeting

Subject                                  : Schedule of investment unitholders' 
meeting
Meeting Type                             : Annual General Meeting
Date announced (Update)                  : 22-Apr-2022
Record date for the right to attend the  : 16-Mar-2022
meeting
Ex-meeting date                          : 15-Mar-2022
Significant agenda item                  :
Venue of the meeting                     : Electronics Meeting Platform (E-AGM)
Remark (Update)                          :
Ref: MFC PT 33/2022

22 April 2022

To:     President
    The Stock Exchange of Thailand
Re:     Notification of the postponement of the 2022 Annual General Meeting of 
Unitholders of Multi-National Residence Fund (MNRF) due to the absence of the
quorum

MFC Asset Management Public Company Limited (the "Management Company"), as the 
Asset Management Company of Multi-National Residence Fund ("Fund"), has arranged
the 2022 Annual General Meeting of unitholders, through the Electronic Meeting
Platform (E-AGM), on 22 April 2022 at 10:00 a.m. It appears that, upon the lapse
of one hour from the time fixed for the meeting commencement, there were 43
unitholders attending the meeting in person and by proxy, holding 24,358,526
investment units equivalent to 22.66 percent of the total number of investment
units sold. Thus, the quorum of the meeting was not constituted according to the
Terms of the Fund Scheme and Section 129/2 of the Securities and Exchange Act
B.E. 2535 (as amended) which provides that the quorum of the unitholders'
meeting shall constitute at least twenty-five unitholders or half of the total
number of the unitholders, and the total investment units of the attending
unitholders shall be not less than one-third of the total investment units sold
of the mutual fund project. (that is, there must be unitholders who hold a total
of not less than 35,833,334 units from the total number of investment units of
the Fund 107,500,000 units).

As mentioned above, the Management Company is, therefore, unable to hold the 
2022 Annual General unitholders' meeting in accordance with the second paragraph
of Section 129/2 of the Securities and Exchange Act B.E. 2535 (as amended),
which states that In the case where any unitholders' meeting fails to form a
quorum in accordance with the criteria specified in the first paragraph after
one hour has lapsed, the securities company may call for a new unitholders'
meeting for which the quorum is no longer required. Therefore, the Management
Company is required to postpone this 2022 Annual General Meeting of Unitholders.
In this regard, the Management Company will reschedule the meeting and will
further inform the schedule of the postponed 2022 Annual General Meeting of
Unitholders to the unitholders and the Stock Exchange of Thailand.
    
Please be informed accordingly

Yours faithfully


 (Ms. Natree Panassutrakorn)
 Executive Vice President
______________________________________________________________________
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