Citizens Mutual Fund 2 Delisted From NEPSE; Fund to Be Matured From Ashad 21

Citizens Mutual Fund 2 (CMF2), a closed-end 7-year mutual fund scheme with a total size of Rs. 56 crores, will mature in 21st of Ashad, 2083.

Managed by Citizens Capital Limited with Citizens Bank International Limited as the fund sponsor, this fund issued its delisting notice on the 19th of Ashad, 2083. Notably, the scheme has consistently provided dividends to investors over the past six fiscal years.

After the end of the maturity period, the transaction of the shares of the mutual fund will be suspended and the investors are to receive their share of investment after the mutual fund sells all its investment. At the end of its maturity period, the fund needs to sell all the shares, debentures, and non-listed shares and proportionally distribute the amount to the unit holders. The latest NAV stands at Rs. 10.17 as of A.