Amendment to the Mutual Fund Project of 3 Funds under Management (KFDNM-D, KFLTFA50-D, KFLTFEQ70D)

14 March 2019
Krungsri Asset Management Company Limited (“the Management Company”) would like to notify unitholders of the amendments to the mutual fund project of 3 funds under management; namely, Krungsri Dynamic Dividend Fund (KFDNM-D),  Krungsri Active SET50 Dividend LTF (KFLTFA50-D), and Krungsri Equity Dividend 70/30 LTF (KFLTFEQ70D); which have been certified by the Trustee and approved by the Office of the Securities and Exchange Commission.  The amendments are in relation to schedule and method for dividend payment, which are summarized as follows:


Old New
(1) The Management Company will temporarily suspend the offering of mutual fund units between the end of the accounting period and the business day before the closing date of the Unitholders’ Register for dividend payment.  In this respect, the Management Company will accept the redemption of mutual fund units as usual and will start offering the mutual fund units again on the closing date of Unitholders’ Register for dividend payment. - Delete the wordings as per (1). The Management Company therefore does not have to temporarily suspend the offering of mutual fund units between the end of the accounting period and the business day before the closing date of the Unitholders’ Register for dividend payment.  As a result, unitholders/investors have increased investment opportunities and the unitholders can still redeem the mutual fund units as usual.
 (2) The Management Company shall pay dividends to the unitholders whose name appears on the Unitholders’ Register at 7.00 am of the closing date of Unitholders’ Register.  The dividend payment shall be made in the form of a crossed cheque payable to the unitholder which will be sent to the Unitholder via registered mail as per the address specified in the application for account opening; or transferred to the deposit account of the unitholder as per the account number provided to the Management Company by the unitholder; or delivered to the unitholder by the supporting agent; within 10 business days from the date next to the closing date of Unitholders’ Register for dividend payment. (2) The dividend payment shall be made by transferring the money to the deposit account of the unitholder or through any means for the convenience of the unitholder in the future such as E-Wallet or PromptPay System, etc.; or in the form of a crossed cheque payable to the unitholder according to the name and address appearing on the Unitholders’ Register, which will be sent to the unitholder via registered mail as per the address specified in the application for account opening.  In this regard, if the unitholder does not cash the cheque, the Management Company reserves the right to proceed with the method as deemed appropriate by the Registrar, e.g., money transfer via Prompt Pay System, etc.
 
The amendments are made in accordance with the Notification of the SEC Office No. SorNor 87/2558 Re: Rules, Conditions and Method of Fund Management for Retail Funds, Mutual Funds for Accredited Investors, Mutual Funds for Institutional Investors, and Private Funds, dated 17 December 2015; and extend channel of dividend payment in order to provide convenience to and/or for the benefits of the Unitholders.
 
The amendments to the mutual fund project mentioned above shall take effect from 25 March 2019 onwards.
 
Should you have any queries or require any further information, please contact your account manager or our Client Service at 02-657-5757 press 2 or via email at krungsriasset.clientservice@krungsri.com.
 
Please be informed accordingly.
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