Siri Prime Office Property Fund Announces Postponement of the Dividend Payment of Fund for the Operation Period from April 1, 2020 to June 30, 2020
August 02, 2020 at 10:43 pm EDT
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SCB Asset Management Co. Ltd., the Management Company of Siri Prime Office Property Fund announced the postponement of the dividend payment and/or capital reduction consideration of the Fund for the operation period from April 1, 2020 to June 30, 2020. As the result of the dividend and/or capital reduction from the mentioned operation period
is less than THB 0.10 per unit, the Management Company will consider the operation result of mentioned period together with the operation result from July 1, 2020 to September 30, 2020. In this regard, the Management Company will notify the dividend payment and/or capital reduction and book closing date in due course.
Siri Prime Office Property Fund is a Thailand-based is a closed-end property fund. The Fund is principally engaged in the rental of immovable properties. The Fund's objective is to raise funds from general investors, both individuals and juristic persons, locally and internationally whereby the proceeds from such fundraising are used to purchase, lease and/or sub-lease immovable properties. The Fund shall also improve, modify, construct and/or develop immovable properties by taking the transfer of a construction permit and/or applying for other permits and/or executing any transactions necessary and advisable for immovable properties. The Fund's objective is to make an initial investment in Siripinyo Building, which is an office building for rent. SCB Asset Management Company Limited acts as the Company's Fund Manager.