​​Management of Mutual Fund

27.  Additional rules for property sector funds

(1) A property sector fund shall pay a dividend to the unitholders, in the case that the fund received dividend income from investment in  :

(1.1) Property funds (type 1 fund) or  the domestic REITs ;

(1.2) Foreign REITs  or foreign funds with total investment in Thailand's property (directly or indirectly)  > 30 % of the NAV (at the closing of the registrar of unitholders)

(2) Provisions for dividend payment

(2.1) Where the fund has net profits or retained earnings in the accounting period of  dividend payment is less than the dividend payment calculated, the mutual fund management company shall pay out whichever amount that is greater between net profits and return earnings as the dividend;

(2.2) Where the dividend payment is < 0.25 baht/unit, the mutual fund management company may refrain from the dividend payment if the company has a policy of paying dividend more than one time in an accounting period, the unpaid amount shall be carried forward and added in the calculation for the next dividend payment in the same accounting period.

(3) Dividend payment shall be completed within 90 days from the end of the accounting period of dividend payment.