When's the Book Closure for Dividend of NIC Asia Capital's Mutual Funds?
Thu, Sep 2, 2021 10:58 AM on Latest, Dividend, Bonus & Rights, Book Closure,
NIC Asia Capital has unveiled the book closure date for the dividend of its mutual funds.
The 93rd board meeting of NIC Asia Capital Limited held on Shrawan 15 proposed dividends for NIC Asia Growth Fund (NICGF), NIC Asia Balanced Fund (NICBF), and NIC Asia Dynamic Debt Fund (NADDF) for the fiscal year 2077/78.
The dividend is as follows:
1. NIC Asia Growth Fund (NICGF): 30% Cash Dividend including tax
2. NIC Asia Balanced Fund (NICBF): 30% Cash Dividend including tax
3. NIC Asia Dynamic Debt Fund (NADDF): 10% Cash Dividend including tax
NIC Asia Growth Fund (NICGF) is a closed-end 7 years mutual fund while NIC Asia Balanced Fund (NICBF) is a 10 years closed-end mutual fund scheme. Bhadra 27 is the book closure date. Thus, unitholders maintained before that day are entitled to the dividend payout.
Meanwhile, NIC Asia Dynamic Debt Fund (NADDF) is an open-end mutual fund managed by NIC Asia Capital Limited. The fund is not traded in NEPSE.
