As the tax privileges provided for investment in LTF will expire by the end of this year and in order to avoid any errors that may arise from applying for such tax privileges, Krungsri Asset Management Company Limited (“the Company”) would like to inform our unitholders that, between 2 January and 30 June 2020, the Company will close the subscription orders of and/or the switching-in order from other non-LTF funds to 4 LTFs under management as follows:
 

1. Krungsri SET50 LTF (KFLTF50)

2. Krungsri Dividend Stock LTF (KFLTFDIV)

3. Krungsri Equity LTF (KFLTFEQ)

4. Krungsri Dividend Stock LTF 70/30 (KFLTFD70)

The closure to subscription and/or switching-in services for the above-mentioned Funds is in accordance with the provision of the Mutual Fund Project regarding conditions for offering of investment units which stipulates that “The Management Company reserves the right to stop accepting the subscription orders of the investment units of the Fund temporarily at any period of time as deemed appropriate”. The closure is intended to allow sufficient time for the Company to seek approval from the Office of the Securities and Exchange Commission (“the SEC Office”) to amend the Mutual Fund Project by adding one more class of investment units for the respective Funds.  By adding a new class to the existing investment units, the Company will be able to properly separate the investment funds into 2 portions, namely, 1) the existing investment units that are eligible for tax privileges, and 2) the new investment units that are not eligible tax privileges.  In addition, this will enable the Company to develop related work systems to facilitate the continual offering of investment units of such Funds after approval for amendment of the Mutual Fund Project of each Fund has been granted by the SEC Office.

Nevertheless, the unitholders can still undertake the following transactions as normal:

1. Redemption of investment units of the LTFs.

2. Switching of investment units between LTFs under management of the Company.

3. Switching of investment units between the LTF of the Company and that of other asset management company.
 

In this regard, if you wish to invest uninterruptedly, you can opt for investment in other non-LTF funds under management of the Company that have similar investment policy/strategy and are currently available for subscription.

 

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.