Bangkok--4 Dec--SET
Future Park Property Fund’s securities will commence trading on The Stock Exchange of Thailand (SET) on December 7, using “FUTUREPF” as their symbol, SET Executive Vice President Mr. Vichate Tantiwanich announced.
FUTUREPF is a mutual fund project of ING Funds (Thailand) and will be listed in the Property Development Sector, Property & Construction Industry Group. The fund has THB 4.73 billion in registered capital, composed of 473.32 million investment units with a par value of THB 10.00 each. ING Funds offered FUTUREPF investment units to the general public on November 9 - 17, at par.
FUTUREPF is a non-redeemable and specific property fund, with unspecified project life. The fund’s objectives are to purchase and/or lease permanent properties. It accepts the transfer of ownership and/or leasehold rights and derives benefits from these properties by letting or subletting, and transferring and/or disposing of the property invested in or acquired by the fund. Currently FUTUREPF has acquired leasehold rights to part of the commercial center, Future Park, Rangsit.
Concerning its future investments, the fund will concentrate on owning and/or leasing permanent properties for commercial or other purposes. Initially, investment will be made in properties such as commercial centers and retail businesses.
FUTUREPF’s dividend payment policy is to pay dividends to unit holders at least twice a year at no less than 90% of its annual net profits.
For more information on Future Park Property Fund, please visit ING Funds (Thailand) website at www.ingfunds.co.th and SET’s website at www.set.or.th
For more information, please contact the Corporate Communications Dept.:
Ladawan Kantawong Tel: 0-2229-2036 / Kulvida Jintakawong Tel: 0-2229-2037 /
Nattaporn Boonprapa Tel: 0-2229-2049 / Watsamon Saowakhonsathien Tel: 0-2229-2797