RMF1 Proposes 2.75% Cash Dividend And RMF2 Proposes 6% Cash Dividend for FY 2082/83; When is the Book Closure?

"RBB Mutual Fund 1" and "RBB Mutual Fund 2" have announced dividends for the fiscal year 2082/83.

In a meeting of the board of directors of RBB Merchant Banking Limited decided to distribute a 2.75% cash dividend (including tax) for RBB Mutual Fund 1 and a 6% cash dividend (including tax) for RBB Mutual Fund 2 for the fiscal year 2081/82.

RBB Mutual Fund 1 is a closed-ended mutual fund with a 7-year maturity period, while RBB Mutual Fund 1 has a 10-year maturity period. Both funds are managed by RBB Merchant Banking Limited.

As of the month of Ashadh, the Net Asset Value (NAV) of RMF1 is reported at Rs. 10.27, with a closing price of Rs. 9.50. RMF2's NAV stands at Rs. 10.85, with a closing price of Rs. 9.75.

The book closure date for dividend eligibility is 12th Ashwin, meaning unit holders on record till 11th Ashwin are entitled to receive the dividend.