AUTOMATIC DISTRIBUTION REINVESTMENT OF LIONGLOBAL SINGAPORE TRUST FUND

 

We would like to inform you that with a view to saving administrative costs and expenses charged to the Fund, we will be making the following changes to the prospectus and Deed of the Fund, which will take effect on 24 March 2016(the “Effective Date”).

Automatic reinvestment of distributions of less than S$50

Unless specifically instructed by you giving 30 days' notice in advance or any other period as permitted by us, with effect from 31 March 2016, in the event that the net amount of distributions (ex-date on and after 31 March 2016) is less than S$50, you shall be deemed to have given a Distribution Reinvestment Mandate for the automatic reinvestment of such distributions to be received by you in the purchase of further Units (including fractions of Units, if any) of the relevant Class, subject to our discretion to pay out such distributions in cash. Units will be purchased based on the net asset value of the relevant Class of the Fund on the Dealing Day on or before the distribution payment is made.

Automatic reinvestment of subsequent distributions if cheque is not presented

With effect from 31 March 2016, where a distribution payment (ex-date on and after 31 March 2016 ) has been made to you via cheque and such cheque has expired (i.e. the cheque is not presented within six months of its date of issue), unless specifically instructed in writing by you giving 30 days' notice in advance or any other period as permitted by us, the distribution payment made shall be automatically reinvested into new Units (including fractions of Units, if any) of the relevant Class, subject to our discretion to pay out such distributions in cash. The new Units will be purchased based on the net asset value of the relevant Class of the Fund on the third Dealing Day after the expiry date of the cheque. In addition, any subsequent distributions payable to you shall be automatically reinvested into new Units (including fractions of Units, if any) of the relevant Class on the relevant payment date of the distribution.

The above changes will not apply to distributions payable into your CPF Account or distributions payable in respect of Units subscribed using cash through any of our agent or distributor or using SRS monies.

You may have previously elected to receive distributions from the Fund at the time of subscription. As such, please be informed that the process on “Automatic reinvestment of distributions of less than S$50” and “Automatic reinvestment of subsequent distributions if cheque is not presented” as detailed above will be applied to your account from the Effective Date.

The prospectus and the Deed will be amended on or before 24 March 2016.

Should you wish to opt out of this Automatic Reinvestment of Distributions, please fill in the Opt Out form obtainable here, and mail it to us at contactus@lionglobalinvestors.com.

Related Funds:
> LionGlobal Singapore Trust Fund SGD Class
> LionGlobal Singapore Trust Fund USD Class