RBB Mutual Fund-1 (RMF1) Proposes 3.81% Cash Dividend and RBB Mutual Fund-2 (RMF2) Proposes 8.74% Cash Dividend for FY 2080/81; When is the Book Closure?
Thu, Sep 5, 2024 10:54 AM on Dividend, Bonus & Rights, Mutual Fund, Book Closure, Latest,
RBB Mutual Fund-1 (RMF1) and RBB Mutual Fund-2 (RMF2) have announced dividends for the fiscal year 2080/81.
In a meeting held on Bhadra 20, the board of directors of RBB Merchant Banking Limited decided to distribute a 3.81% cash dividend (including tax) for RBB Mutual Fund-1 (RMF1) and an 8.74% cash dividend (including tax) for RBB Mutual Fund-2 (RMF2) for the fiscal year 2080/81.
RBB Mutual Fund-1 (RMF1) is a closed-ended mutual fund with a 7-year maturity period, while RBB Mutual Fund-2 (RMF2) has a 10-year maturity period. Both funds are sponsored by Rastriya Banijya Bank Limited and managed by RBB Merchant Banking Limited.
As of the month of Ashadh, the Net Asset Value (NAV) of RMF1 is reported at Rs. 10.38, with a closing price of Rs. 9.36. RMF2's NAV stands at Rs. 11.35, with a closing price of Rs. 10.30.
The book closure date for dividend eligibility is 31st Bhadra, meaning unit holders on record till 30th Bhadra are entitled to receive the dividend.
