Subject | Amendment | |||||||||||||||||||||
Share Class Categorization |
Add: - Super Saving Class (SCBCTECH-SSF) |
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Minimum amount required for initial subscription/ subsequent subscription/ redemption, and minimum required account balance |
Remark: The Management Company reserves the right to refuse subscription order and / or switching in orders. If the outstanding investment units and the net subscription and the net switching in of each the unitholders' accounts and / or unitholders of E-channel Class, total amount combined of all funds under management of the Management Company exceeds 1 million baht. |
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Dividend Payment |
• Dividend Policy: - E-channel Class: NO - Super Saving Class: Yes • Dividend payment conditions: Dividends for the Super Saving Class can be paid out when the Fund has retained earnings, and only when the payment of dividends would not cause the Fund to accumulate losses in the accounting period. Each payment of dividends shall be conducted according to one of the following terms: (1) Paid from dividends or interest income from assets of the Fund; (2) Paid up to 30 percent of the said retained earnings, or of the net profit in the accounting period based on whichever has the lower value. |
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Switching of Investment Units |
• Investment units of the SSF class can be switched as per the following procedures:
• In this regard, at the initial stage the service of switching of investment units between the SSF/SSF class of units of the fund under management of the Management Company and the SSF under management of other asset management companies is not available. • In the case that the unitholders instruct the Management Company to switch the investment units of (or transfer the investment of) the SSF class to other SSF/SSF class of units, the Management Company shall proceed to transfer the investment funds together with all interests within 5 business days from the date on which the instruction is received from the unitholders except otherwise approved or specified by the SEC or the SEC Office. • In case of fund switching upon “dissolution of the fund” which is undertaken in accordance with the conditions of fund dissolution, the Management Company shall proceed to transfer the investment of the unitholders to another SSF/SSF unit class having the investment objective or risk level similar to that of the old fund, or to the SSF/SSF class of units having the lowest risk level, etc. The decision shall be made at the discretion of the Fund Manager and in line with the situation at each point of time. |
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Conditions and restrictions on the allocation and transfer of investment units | Investment units of the Super Saving Class may not be sold, transferred, pledged or used as collateral. |
The following subjects shall be amended accordingly with the amendments above : definitions, post-IPO offerings, investment unit redemption, fees and expenses charged to the Fund and the subscribers or the unitholders, calculation methods, calculation schedule and announcement of net asset value , NAV per unit and unit price, rules and procedures for cases of investment unit value errors, and other related conditions.
The Management Company will offer the E-channel Class to be effective from 21th May 2021 and for the Super Saving Class the Management Company will notify the effective date of the service in advance through www.scbam.com.
Unitholders may contact Customer Relations at Tel. 0-2777-7777 ext. 0 ext. 6 during business days between 08.30 – 17.00 for any further inquiry.
Please be informed accordingly.
Announced on 18th May 2021
SCB Asset Management Company Limited