Summary of the Resolution Approving the Change of Fund’s Investment Policy, Fund’s Name, Objective, Category including relevant information of Principal Property Income Retirement Mutual Fund (PRINCIPAL iPROPRMF)

Summary of the Resolution Approving the Change of Fund’s Investment Policy, Fund’s Name, Objective, Category including relevant information of Principal Property Income Retirement Mutual Fund (PRINCIPAL iPROPRMF)

Attention:     Unitholders

 

As Principal Asset Management Co., Ltd. (“Management Company”) sent the letter dated 25 February 2019, regarding to seek for the Resolution Approving the Change of Fund’s Investment Policy, Fund’s Name, Objective, Category, including Relevant Information, and the letter dated 26 March 2019, regarding to the extension of the exercise of the right to vote for the Resolution Approving the Change of Fund’s Investment Policy, Fund’s Name, Objective, Category, including Relevant Information  of Principal Property Income Retirement Mutual Fund (PRINCIPAL iPROPRMF) according to the details as acknowledged by the Unitholders.

In order to ask for such resolution, the Management Company must take action to have the majority votes of the Unitholders which are calculated according to number of investment units altogether exceeding a half of the Fund’s all investment units having been sold for change of Fund’s investment Policy, Fund’s name, objective, Category including relevant information of the Fund where the Unitholders must return the document of resolution or must exercise their right to vote via E-Voting system within 31 May 2019 according to the details as acknowledged by the Unitholders.

The Management Company would like to notify the result on asking for resolution of the Unitholders of the Fund as follows:

Resolution Number of the investment units Number of the Unitholders Percentage (of number the investment units)
Approved 13,015,555.23 1,248 24.95
Disapproved 347,872.09 46 0.67
Abstained 38,806,335.42 4,102 74.38
Total 52,169,762.74 5,396 100.00


Based on the above-mentioned result of resolution, the resolution does “not pass” because the Unitholders approved the resolution less than a half of the total number of investment units. As a result, the Fund’s investment policy, Fund’s name, objective, Category including relevant information of Principal Property Income Retirement Mutual Fund have remained the same without any change

Please be informed accordingly. If any Unitholder would like to have more information, please contact Principal Asset Management Co., Ltd, Client Services Department, Tel. No. 0-2686-9595 on every business day.

                                                                                              Yours sincerely,
                                                                                                Principal Asset Management Co., Ltd.

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