ICB AMCL 2nd Mutual Fund lottery Sep 10 likely
Thursday, 3 September 2009
FE Report
The lottery for share allotment of ICB AMCL Second Mutual Fund is expected to be held on September 10, subject to the approval of the Securities and Exchange Commission (SEC).
It will be the 19th closed-end mutual fund to be listed with the bourses.
The fund floated 5000000 units with the face value of Tk 100 each to raise Tk 500 million from the stock market.
Of which, units worth Tk 50 million has been reserved for non-resident Bangladeshis (NRBs), Tk 50 million for mutual funds, Tk 300 million for resident Bangladeshis and Tk 100 million for sponsors.
Tenure of the closed-end mutual fund is ten-year.
The subscription of the fund was opened on August 9 while closed August 16 for resident Bangladeshis and August 25 for non-resident Bangladeshis.
The lottery for share allotment of ICB AMCL Second Mutual Fund is expected to be held on September 10, subject to the approval of the Securities and Exchange Commission (SEC).
It will be the 19th closed-end mutual fund to be listed with the bourses.
The fund floated 5000000 units with the face value of Tk 100 each to raise Tk 500 million from the stock market.
Of which, units worth Tk 50 million has been reserved for non-resident Bangladeshis (NRBs), Tk 50 million for mutual funds, Tk 300 million for resident Bangladeshis and Tk 100 million for sponsors.
Tenure of the closed-end mutual fund is ten-year.
The subscription of the fund was opened on August 9 while closed August 16 for resident Bangladeshis and August 25 for non-resident Bangladeshis.