NIBL Ace Capital Distributing Cash Dividend of Its Funds on Bank Accounts of Unitholders From Today
Thu, Aug 26, 2021 10:45 AM on Latest, Dividend, Bonus & Rights, Mutual Fund,
NIBL Ace Capital Limited is distributing 50% cash dividend of “NIBL Pragati Fund” directly to bank accounts of its shareholders from 9th Bhadra. NIBL Ace Capital Limited is also distributing a 35% cash dividend of “NIBL Samriddhi Fund-1 ” directly to bank accounts of its unitholders from 9th Bhadra.
The 89th meeting of the board held on Shrawan 14 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.
Similarly, the 89th meeting of the board held on Shrawan 14 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.
For those who have not authenticated their bank account in their Demat accounts and for those who have not dematerialized their shares, the cash dividend will be distributed only after they complete the necessary procedure. Furthermore, investors who have taken margin loans against the units of the funds are required to present a No Objection Letter or a Release Letter, depending on when they took the loan.
