NIBL Sahabhagita Fund Invites Unitholders for Dividend Re-investment Plan; When is the Last Date to Apply for this Scheme?

NIBL Sahabhagita Fund, an open-ended scheme run under NIBL Mutual Fund, with Nepal Investment Bank Limited serving as the fund sponsor and NIBL Ace Capital Limited serving as the fund manager and depository, has provided notice regarding the dividend received by unit holders by participating in the Dividend Re-investment Plan.

As there is a facility to purchase additional units of this plan from the scheme equal to tax and fixed transaction fee, the company invites the eligible unit holders who wish to use this facility to register their names. In other words, investors can choose to reinvest their promised dividend on the fund itself instead of receiving the cash dividend.

However, the eligible unit holders who have already registered their names to participate in the said scheme do not have to register again.

All unit owners who register their names under the Dividend Re-investment Plan by 19th of Bhadra 2079 will be considered eligible for this facility.

The instruction to apply for the scheme can be found via the official announcement.