Amendment to the Fund Project of 4 Funds

2.3 KF-LTFDIV - 2 Classes

(1) Long-Term Equity : Krungsri Dividend Stock LTF (KFLTFDIV)

For investors who purchased the units of long-term equity funds before 1 January 2020 in order to receive the tax privilege according to the rules/conditions as prescribed by the Revenue Department and/or relevant authority.

(2) Dividend : Krungsri Dividend Stock LTF-D (KFLTFDIV-D)

For investors who wish to receive capital gains and have the opportunity to receive regular income from dividends.  Investors shall not be entitled to the tax deduction privilege from investment in this class of units.
 

2.4 KF-LTFEQ - 2 Classes

(1) Long-Term Equity : Krungsri Equity LTF (KFLTFEQ)

For investors who purchased the units of long-term equity funds before 1 January 2020 in order to receive the tax privilege according to the rules/conditions as prescribed by the Revenue Department and/or relevant authority.

(2) Accumulation : Krungsri Equity LTF-A (KFLTFEQ-A)

This class is suitable for investors who wish to accumulate the benefits from the investment in form of capital gain. Investors shall not be entitled to the tax deduction privilege from investment in this class of units.
 

In addition to the above amendments, the Company has also made amendments  to the fund project in other aspects related to classes of units including definition, minimum initial subscription, minimum subsequent subscription, minimum value of redemption, minimum number of mutual fund unit to be redeemed, minimum value to be maintained in an account, minimum number of mutual fund unit to be maintained in an account, sale of mutual fund units after initial offering, redemption, switching, dividend payment, fees and expenses charged to the fund and unitholders, calculation method, calculation period, announcement of net asset value, unit value and unit price, request for a resolution from unitholders, method of amendments  of the fund project or amendments  to the management method, conditions and restrictions regarding allocation and transfer of mutual fund units, right to transfer mutual fund units, termination of the fund and other provisions.

The above amendments will be in effect on 1 October 2020 onwards and the Company will commence selling accumulate units and dividend units of 4 funds (KFLTF50-A, KFLTFEQ-A, KFLTFD70-D and KFLTFDIV-D) on 1 October 2020. The unitholders whose names appear in the unitholder register of the fund before 1 October 2020 will be classified as unitholders of long-term equity units (KFLTF50, KFLTFD70, KFLTFDIV and KFLTFEQ) only. Should they wish to switch between class of units, they may do so on 1 October 2020 or after.  The switching terms shall be as specified in the ”Switching of Units” section.
 

In this regard, the unitholders holding passbooks of KFLTF50, KFLTFD70, KFLTFDIV and KFLTFEQ before 1 October 2020, who will be regarded as the unitholders of long-term equity units of KFLTF50, KFLTFD70, KFLTFDIV and KFLTFEQ, can still use the existing passbooks for processing the redemption and switching transactions of such long-term equity units as usual.
 

Should you have any queries or require any further information, please contact your account manager or our Client Service at 02-657-5757 press 7 for English and 2 or via email at krungsriasset.clientservice@krungsri.com.

 

Please be informed accordingly.