Last Day to Grab Dividend Proposed by Mutual Funds of NIC Asia Capital Limited

Today is the last day to grab the dividend of NIC Asia Flexi Cap Fund, NIC ASIA Balanced Fund, and NIC Asia Select-30.

The 160th meeting of the board of directors of NIC Capital Limited, held on Shrawan 18, has resolved to distribute the following dividends for the fiscal year 2081/82: a 5.55% return to NADDF; a 8.65% cash dividend (including tax), amounting to Rs. 10.81 crores, to the unitholders of NICSF; a 10.10% cash dividend (including tax), totaling Rs. 10.30 crores, to the unitholders of NICFC; and a 9.90% cash dividend (including tax), equating to Rs. 7.47 crores, to the unitholders of NICBF.

NIC Asia Dynamic Fund is an open-ended fund, while NICSF, NICFC, and NICBF are closed-end funds with maturity periods of 7 years and 10 years, respectively. All these mutual fund schemes are sponsored by NIC Asia Bank and managed by NIC Asia Capital.

For the month of Ashadh, the Net Asset Values (NAVs) for various funds are reported as follows: NICSF has an NAV of Rs. 11.24 and closed at Rs. 9.62; NICFC has an NAV of Rs. 11.64 with a closing value of Rs. 9.97; NICBF has an NAV of Rs. 11.42 and closed at Rs. 9.96. Additionally, NADDF has an NAV of Rs. 10.72.

The book closure date is 29th Shrawan, 2082. Therefore, shareholders who have maintained their shares are entitled to a dividend payout and are eligible to attend this AGM.