Citizen Investment Trust (CIT) Declares Book Closure Date for 31.5789% Dividend and Upcoming 27th AGM

Citizen Investment Trust (CIT) has declared the book closure date for its upcoming 27th AGM on Bhadra 06 for the fiscal year 2077/78. The meeting will be held in company's head office located at New Baneshwor, Kathmandu, starting at 3 pm that day.

The meeting of the board of directors held on Ashad 11 had decided to distribute 30% bonus shares and a 1.5789% cash dividend (for tax purposes). The bonus shares are worth Rs. 98.10 crores and the cash dividend is worth a little over Rs. 5.16 crores. Thus, the total paid-up capital post this bonus share would be Rs 425 crores. The existing paid-up capital of CIT is Rs 327 crores.

Shrawan 25 is the book closure date. Thus, shareholders maintained before that day are entitled to the dividend payout and can also attend the AGM. The dividend is subject to approval from the Ministry of Finance, Nepal Government, and the upcoming AGM.