Kathmandu. NIBL Participation Fund is operated under NIBL Mutual Fund for the fiscal year 2081. Dividend has been announced for 82.
A meeting of the board of directors of the scheme manager NIMB Ace Capital on Monday decided to distribute cash dividend to the unit owners after the audit of the financial year. Accordingly, it has been decided to distribute 7 percent cash dividend along with tax to the unit owners.
For the purpose of dividend distribution, Capital has decided to close the book on July 15. This means that only the shareholders who have been in office till July 10 are eligible to receive this dividend.
Similarly, the unit owners of this open-ended scheme will be able to buy additional units through dividend re-investment at an adjusted price equal to the amount of dividend they receive. According to Capital, the units will be sent to the beneficiary accounts of the unit owners after approval to increase the fund size.
Nepal Investment Mega Bank is the fund promoter of the scheme.
