Last day to clinch 14% cash dividend of Nabil Balanced Fund-1

ShareSansar,  September 3:

Today is the last day to secure 14 percent cash dividend pledged by Nabil Balanced Fund-1 for the last fiscal year.

The Securities Board of Nepal (SEBON) had last month approved of the dividend after suspending an earlier decision of the mutual fund run by Nabil Bank to distribute 5.5 percent cash dividend to the subscribers of NBF-1.

Sebon’s  decision was based in the argrument that the company’s audit report for the first eight months of the last fiscal year was not appropriate, and that the company can distribute dividend only on the basis of annual audit report.

Following the approval of 14 percent dividend, Nabil had announced book closure for the dividend from September 4.