SHARE
SCB Asset Management Company Limited (SCBAM) as investment manager of SCB Global Strategic Investment Fund (SCBGSIF), would like to inform that an amendment to SCBGSIF’s investment guideline. Kindly be informed that on 9 August 2016, the Securities and Exchange Commission has approved the following amendment(s) to SCBGSIF’s investment guideline regarding share classes :
| Topics | Amendments |
| Fund abbreviation | Before: SCBGSIF Now: SCBGSIFUND |
| Share classes | The fund shall have the following share classes : 1) Accumulative (SCBGSIF) – suitable for unitholders seeking capital gain 2) Auto-redemption (SCBGSIFR) – suitable for unitholders seeking to receive periodic cash flows via automatic redemption of fund units 3) Dividend (SCBGSIFD) – suitable for unitholders seeking to receive periodic cash flows via dividend payments |
| Redemption of fund units | Fund units can be redeemed via the followings : - At unitholder’s discretion : All share classes can be redeemed at unitholder’s discretion, subjected to fund’s holiday calendar - Automatic redemption : Only SCBGSIFR share class is entitled to automatic redemption. SCBAM will automatically redeem the SCBGSIFR share class no more than 12 times per calendar year. The frequency and redemption amounts shall be determined by SCBAM based on factors such as investment value and/or returns of underlying fund and/or underlying assets and/or earnings and/or cumulative earnings of the fund. |
| Dividend payments | - Dividend payments shall be the followings : SCBGSIF : no dividend SCBGSIFR : no dividend SCBGSIFD : pays dividend The frequency and dividend amounts shall be determined by SCBAM based on earnings and/or cumulative earnings of the fund whereby such dividend payment shall not further increase the deficit in cumulative earnings during the same dividend period. |
Other sections in the investment guideline that shall be amended in relation to share classes include Definitions, Units Subscription during and after the IPO, Units switching, Fees and other expenses (for clarification purpose only, no additional fee shall be imposed as a result of this amendment), Calculation methods, Calculation period, AUM, NAV and fund price announcement, Procedures when NAV is calculated incorrectly, Procedure when seeking approval from unitholders and Procedure to amend or change the investment guideline.
SCBGSIFR share class will become available on 24 August 2016, while SCBGSIFD as well as switching among SCBGSIF, SCBGSIFR and SCBGSIFD share classes will not be available immediately and we shall inform you as soon as they become available. For those existing unitholders in SCB Global Strategic Investment Fund, your fund units will become SCBGSIF share class.
Kindly be informed that the above changes do not affect your rights as the fund’s unitholders in any way. For more information, please do not hesitate to contact SCBAM Call Center 0 2777 7777 press 0 press 6 during office hour from 8.30 am to 5.00 pm.
Announced on August 16, 2016.
SCB Asset Management Co., Ltd.
SCB PLATINUM GLOBAL OPEN END FUND (Accumulation)
SCB LOW VOLATILITY EQUITY FUND (Dividend)
SCB LOW VOLATILITY EQUITY FUND
(Accumulation)
SCB LOW VOLATILITY EQUITY FUND (Super Savings Fund)
SCB Low Volatility Equity RMF
SCB Global Robotics Fund (Accumulation)
SCB Thai Equity CG Fund (Accumulation)
SCB DHANA ANANTA OPEN END FUND (Accumulation)
