Redemption Process Initiated for NMB Capital's Matured Mutual Funds; Urges Unitholders to Claim Due Dividend for NMB50

NMB Capital Limited has issued a comprehensive announcement today, addressing investors regarding the redemption of matured mutual funds and uncollected due dividends of NMB50 operated under the merchant bank. 

NMB Sulav Investment Fund - I (NMBSF1), a closed-end mutual fund scheme with a tenure of 5 years, and NMB Hybrid Fund L-1 (NMBHF-1), another closed-end mutual fund scheme with a duration of 7 years, have successfully matured on Kartik 07, 2076, and Kartik 08, 2080, respectively. The refund process for NMBSF1 commenced on Magh 10, 2076, whereas for NMBHF-1, it began on the 4th of Magh, 2080.

The final Net Asset Value (NAV) for NMBSF1 stands at Rs. 10.701207, while for NMBHF-1, it is recorded as 10.3979. Currently, the units under these schemes are undergoing redemption. The redemption amount per unit is NPR 10.701207 for NMBSF1 and NPR 10.3979 for NMBHF-1, subject to tax deductions as per prevailing regulations. The redeemed amounts will be progressively credited to the respective unit holders' bank accounts. Detailed information regarding the redemption process, including the date of depositing the accumulated amount into the accounts, will be communicated to all concerned parties through relevant channels.

Furthermore, NMB Capital, as the fund manager, urges unitholders to verify their bank account details through Demat accounts if they haven't already done so, to ensure seamless processing of refunds.

In addition, NMB Capital Limited has also requested unitholders who have not yet received due dividend payments of "NMB 50''. Shareholders who have not claimed the cash dividends endorsed by the mutual fund over various fiscal years are requested to present their share certificates and proof of identity to the fund's share registrar, NMB Capital, located in Baluwatar, Kathmandu. Copies of necessary documents should accompany the submission to facilitate the receipt of the outstanding dividends.

Therefore, unitholders who are yet to receive cash dividends for various financial years are encouraged to visit the nearest branch of NMB Capital or access www.nmbcl.com.np for further information regarding the process.

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