NIBL Ace Capital Declares Book Closure Date for Dividend of NIBL Pragati Fund and NIBL Samriddhi Fund 1

NIBL Ace Capital has announced a book closure date for the dividend of NIBL Pragati Fund and NIBL Samriddhi Fund 1.

The 89th meeting of the board held on Shrawan 14 has proposed a 50% cash dividend (including tax) for NIBL Pragati Fund (NIBLPF) for the fiscal year 2077/78. The cash dividend is worth Rs 37.50 crore. NIBL Pragati Fund (NIBLPF) is a 7 years closed-end mutual fund scheme managed by NIBL Ace Capital Limited, a wholly-owned subsidiary of Nepal Investment Bank.

Unitholders maintained before Shrawan 29 are entitled to the cash dividend. Books will be closed on Shrawan 29 for dividend distribution purposes.

Similarly, the 89th meeting of the board held on Shrawan 14 has proposed a 35% cash dividend (including tax) for NIBL Samriddhi Fund 1 (NIBSF1) for the fiscal year 2077/78. The cash dividend is worth Rs 35 crore. NIBL Samriddhi Fund-1 (NIBSF1) is a 7-year closed-end mutual fund scheme managed by NIBL Ace Capital Limited.

Unitholders maintained before Shrawan 29 are entitled to the cash dividend. Books will be closed on Shrawan 29 for dividend distribution purposes.