• Since the IPO, how have units been traded?
  • The Fund Manager applies to have the units approved for listing on the Stock Exchange of Thailand (SET). Investors can buy and sell the units in the secondary market with the SET system.

    Investors have to open an account with a brokerage firm, as with any other stock trading.

  • What is the difference between Freehold and Leasehold property funds?
  • Freehold Property funds will have an ownership in the properties in which they invest. While Leasehold Property funds will invest in leasehold rights of the properties but do not own them. The leases are mostly long-term lease.

    TLGF invests in both freehold and leasehold properties. Please refer to Portfolio Overview page for more information.

  • How is Tesco Lotus related to the fund?
  • TLGF appointed Ek-Chai Distribution System Co., Ltd. or Tesco Lotus to be the property manager for all existing and future investment, including providing services as specified in the agreement.

    Tesco Lotus is also the anchor tenant of the 22 malls in the fund, operating the hypermarkets and food courts in the malls.

    Moreover, Tesco Lotus is a major Unitholder with a 25% holding in TLGF.

  • What are TLGF's investment strategies?
  • The Management Company's key objectives for TLGF are to deliver long-term and sustainable dividend incomes to Unitholders and to achieve long-term growth in the NAV and DPU to provide Unitholders with a competitive rate of return for their investment. The Management Company intends to achieve these objectives primarily through the following strategies:
    • Acquisition Growth Strategy
    • Active Asset Management and Enhancement Strategy
    • Disciplined Capital and Risk Management Strategy
  • What are the Fund's sources of income?
    • Rental and service income from invested properties
    • Media income from advertising in its stores
  • How can investors gauge the value of their investment?
  • The value of the investment or market value can be checked from the SET system, while the Fund Manager will announce the monthly Net Asset Value (NAV) and monthly Net Asset Value per unit (NAV per unit) as of the end of the month, before the last working day of the next month. The information can be found on the SET's website www.set.or.th, at the Fund Manager's website www.ktam.co.th and at TLGF's website www.tlgf-fund.com
  • What rights do Unitholders have?
  • Unitholders are entitled rights to receive dividends, to pass resolutions to amend the Fund scheme or the management procedures, to receive a refund upon the dissolution of TLGF, to transfer and other rights, such as the right to pledge investment units, to pass resolutions in relation to the operation, administration or management of TLGF, as specified by the Fund scheme.
  • What is the dividend policy?
  • The Fund Scheme has a policy to pay dividends to Unitholders no more than four times annually and, subject to the Fund Scheme and applicable laws as described below, TLGF intends to pay dividends on a quarterly basis.

    In order to comply with the Fund Scheme and the Securities Law, if TLGF has a net profit in a given year, it will be required to pay not less than 90% (or any other percentage as may be required by the Securities Law from time to time) of the distributable net profit for the year as dividends to Unitholders.