Announcements
Aberdeen Long Term Equity Fund
Aberdeen Asset Management Co., Ltd., as the founder and manager of Aberdeen Long Term Equity Fund would like to announce the amendment to the Fund Project as approved by the Office of the Securities and Exchange Commission on 23th March 2009 as details summarised below.
From 1 April 2009 onwards, unitholders of Aberdeen Long Term Equity Fund are able to redeem or switch-out his units on every trading day during 9.30 a.m. – 13.00 p.m. by sending the orders to the Asset Management Company or its distributors. Should there be any change in the future (the new trading hours shall not be less than the existing trading hours) the Asset Management Company will inform unitholders in advance at least 30 days by placing the notice at the office of the Asset Management Company and its distributors and publishing in at least one daily newspaper. The redemption or switch-out transactions may result in unitholders being required to return tax benefits including surcharge to the Revenue Department. Therefore, unitholders are required to study and comply with the practices of tax rules and regulations.
The above amendments shall take effect from 23rd March 2009 onwards.
Discount Policy for the Front-End Fee of Aberdeen FIFs (3rd amendment)
1. After the IPO period, investors and/or unitholders who invest into each of Aberdeen FIFs (Aberdeen Asia Pacific Equity Fund (ABAPAC), Aberdeen World Opportunities Fund (ABWOOF), Aberdeen European Growth Fund (ABEG), Aberdeen Emerging Opportunities Bond Fund (AEOB), Aberdeen Global Emerging Growth Fund (ABGEM) and other FIFs to be set up in the future) for the amount at least Baht 100 million shall be charged the front-end fee at the discount rate of 1% of unit price.
2. In order to be qualified under the above Baht 100 million threshold in Clause 1, the investing amount shall be considered for each fund separately and shall be made on the same trading day. The investments made by group of companies may be considered as a single investment for the purpose of Clause 1. with an approval from Aberdeen Bangkok Executive Committee.
3. Any subsequent investment made by the same unitholders within 30 days from any eligible investment under Clause 1. shall also enjoy the discount rate of 1% (irrespective of the amount of the subsequent investment).
4. The Company may consider reducing unitholders the front-end fee for the subscription or switch-in transactions to be charged at the discount rate of 1% of unit price only if the following conditions are met:
4.1 There is a request from a unitholder for front-end fee discounting prior to each respective subscription or switch-in transaction;
4.2 Such unitholder must have an outstanding total collective investment in FIFs of at least Baht 100 million (determining on cost basis) at the time of the request; and
4.3 In the case where a unitholder has invested via a distributor, whether in whole or in part, the unitholder must arrange the respective distributor to apply for discount of frontend fees.
5. In case of any doubt, Aberdeen reserves the right to interpret words and expressions specified in this announcement. Aberdeen’s interpretation shall be deemed final.
Announced on May 21st, 2009
Past Announcements