13 May 2021 12:38:00
Management Discussion and Analysis Quarter 1 Ending 31 Mar 2021
Management Discussion and Analysis Company name : MULTI-NATIONAL RESIDENCE FUND Year : 2021 Quarter : Quarter 1 Ending : 31-Mar-2021 Note : Ref: MFC PT. 28/2021 May 13, 2021 Director and Manager The Stock Exchange of Thailand Dear Sir, Re: Clarification for the change of Fund's performance over 20% MFC Asset Management Public Company Limited, as the Management Company of Multi-National Residence Fund ("the Fund"), would like to offer an explanation for the change of the Fund's performance for the three-month period ended 31 March 2021 over 20% from the same period last year as follow. For quarter 1 ended 31 March 2021, the Fund had net gain from investments of Baht 1.70 million, decreasing from net gain from investments Baht 2.67 million in the same period last year, or a decrease of 36.52%. which was mainly due to the followings; - The Fund has revenue of Baht 5.72 million compared with Baht 7.23 million from the same period last year, or a decrease of 20.81% due to decrease in occupancy rate and rental rate. - The Fund has total expenses of Baht 4.38 million, increase from Baht 4.27 million from the same period last year, or a increase of 2.65% mainly from maintenance expenses and others operating expense. Kindly be advised accordingly. Yours faithfully, (Ms. Natree Panassutrakorn) Executive Vice President REIT, Property and Infrastructure Fund Department 02-649-2000 This announcement was prepared and disseminated by listed company or issuer through the electronic system which is provided for the purpose of dissemination of the information and related documents of listed company or issuer to the Stock Exchange of Thailand only. The Stock Exchange of Thailand has no responsibility for the correctness and completeness of any statements, figures, reports or opinions contained in this announcement, and has no liability for any losses and damages in any cases. In case you have any inquiries or clarification regarding this announcement, please directly contact listed company or issuer who made this announcement.