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3. In making an announcement of the asset value, net asset nalue and value of the
investment unit obtained from calculation under Clause1, the Management Company
shall make such announcement in at least one daily newspaper and post it openly at all
offices of the Management Company and the head office of the Mutual Fund Supervisor
as well as announce the name, type and location of immovable property which are
invested in by the Fund.
4. In the occurrence of any circumstance or change which arises after the date of
calculation under Clause 1. and materially affects the value of immovable property, the
Management Company shall also disclose such circumstance or change when making
the announcement under Clause 3. If such circumstance or change arises after the
date of announcement under Clause 3, the Management Company shall make an
addition announcement thereof immediately.
5. In the calculation of the net asset value of the Fund, the Management Company shall
calculate by using the following method:
(1) For immovable property or leasehold rights in the immovable property, the
Management Company shall use the price obtained from the Appraisal Report
or latest report on the Review of Appraisal, as the case may be, except for the
first calculation of the net asset value of the Fund whereby the Management
Company shall use the price of the purchase or rental of such immovable
property or leasehold property, as the case may be.
(2) For other assets, the Management Company shall fix the value in accordance
with the rules and procedures prescribed by the Association of Investment
Management Companies with the approval of the Office of the SEC.
Additional Conditions:
For the calculation method, schedule of calculation and announcement of the net asset value
and net asset value per investment unit, the Management Company will proceed in accordance
with the topic specified in the application, except where it is otherwise amended, announced,
prescribed, instructed, approved and/or waived by the SEC or the Office of the SEC or the
Capital Market Supervisory Board or any other authority under the law.
The calculation of asset value, net asset value and net asset value per investment unit
announced by the Management Company is calculated by using the latest of the Appraisal
Report or the Review Report as the basis for the determination of the assets of the Fund. Such
value may not be the actual price of the purchase or selling of such assets of the Fund.
Information Memorandum of Trinity Property Fund 44