Raem Asset Management Conducts First Distribution of Redemption-Halted Fund... 60.3 Billion KRW Scale

[Asia Economy Reporter Park Jihwan] Lime Asset Management announced on the 22nd that it will proceed with the first distribution for funds with suspended redemptions.

Lime Asset Management plans to carry out the first distribution worth approximately 60.3 billion KRW to investors for 87 sub-funds with suspended redemptions. The scheduled distribution period is until the end of this month in principle.

Earlier, Lime Asset Management announced the "Redemption Plan and Management Measures for Funds with Suspended Redemptions" on February 14 and the "Asset Liquidation Plan within Funds with Suspended Redemptions" on April 13, stating that the first distribution would be conducted in May. In the case of the KOSDAQ Venture Fund, 20 billion KRW was distributed to customers in mid-March.

The list of funds subject to distribution and the amounts have been delivered to sales agencies. However, the distribution schedule may be partially changed due to operational procedures. Detailed distribution schedules will be communicated through the sales agencies.

A Lime Asset Management official stated, "We plan to continue such distributions every quarter," adding, "We will ensure that the second distribution in the third quarter proceeds smoothly."

This content was produced with the assistance of AI translation services.