CMF1 Proposes 9% Cash Dividend, CMF2 Proposes 6.5% Cash Dividend and C30MF Proposes 10% Cash Dividend for FY 2080/81; When is the Book Closure?
Mon, Sep 30, 2024 9:40 AM on Dividend, Bonus & Rights, Mutual Fund, NEPSE News, Latest,
"Citizens Mutual Fund-1", "Citizens Mutual Fund - 2" and "Citizens Super 30 Mutual Fund" have announced dividends for the fiscal year 2080/81.
In a meeting of the board of directors of Citizens Capital Limited held on Ashwin 13 has decided to distribute a 9% cash dividend (including tax) for Citizens Mutual Fund-1 (CMF1), 6.5% cash dividend (including tax) for Citizens Mutual Fund-2 (CMF2), and a 10% cash dividend (including tax) for Citizens Super 30 Mutual Fund (C30MF) for the fiscal year 2080/81.
Citizens Mutual Fund-1 and Citizens Mutual Fund-2 are closed-ended mutual funds with a 7-year maturity period, while Citizens Super 30 Mutual Fund has a 10-year maturity period. Both funds are sponsored by Citizens International Bank Limited and managed by Citizens Capital Limited.
As of the month of Ashadh, the Net Asset Value (NAV) of CMF1 is reported at Rs. 10.94, with a closing price of Rs. 10.50, CMF2's NAV stands at Rs. 10.68, with a closing price of Rs. 9.15, and C30MF's NAV stands at Rs. 11.04, with a closing price of Rs. 9.79.
The book closure date for dividend eligibility is 23rd Ashwin, meaning unit holders on record till 22nd Ashwin are entitled to receive the dividend.
