“NIBL Sahabhagita Fund” Distributing 7% Cash Dividend to Bank Accounts

NIBL Ace Capital Limited is distributing 7% cash dividend of “NIBL Sahabhagita Fund” directly to the bank accounts of its shareholders from 21st Shrawan.

The 136th meeting of the board held on Shrawan 05 proposed a 7% cash dividend (including tax) for NIBL Sahabhagita Fund (NIBLSF) for the fiscal year 2081/82. NIBL Sahabhagita Fund is NIBL Ace Capital's fund scheme and is the first open-ended fund. This fund is not tradable at the Nepal Stock Exchange like other closed-ended funds, and it has no fixed maturity period.

Unitholders can also choose the Dividend Reinvestment Plan, where they can reinvest the dividend into the mutual fund itself. Furthermore, the capital has urged unitholders to authorize their bank details on the Demat account to receive the dividend.

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