Sector Restructuring Select ETF Event-Driven REITs [396A.T]
TOKYO, Apr 03 (Pulse News Wire) – Sinplex /Asset/Management Kabushiki Kaisha, represented by President Hiroyasu Mizushima, has decided to amend the investment trust agreement for its 396A Industry Reform Select ETF REIT Event Driven. The amendment removes the condition allowing suspension of partial redemption requests due to issues related to the liquidation of securities held in the fund.
The removal of the clause follows the consolidation of situations requiring such suspensions under broader categories like trading halts at exchanges and settlement function disruptions. The revised agreement will take effect on April 09, 2026. Under the amended terms, partial redemptions can still be requested through designated sales companies during regular business hours up until 5 PM.
Any requests made after 5 PM will be processed the next business day. The redemption limit remains set at either one-third of the total outstanding units or 100,000 units, whichever is greater. The changes will be officially filed on April 10, 2026 without requiring a formal resolution since the amendments are deemed non-material.
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