ICB AMCL declares dividend, NAVs on Unit Funds
Saturday, 1 August 2009
The Board of Directors of ICB Asset Management Company Limited (IAMCL) has declared dividend of Tk.25.00 per Unit on ICB AMCL Unit Fund Certificate and Tk. 24.00 (Including Tk. 9.00 paid for the 1st half of 2008-09) per Unit on ICB AMCL Pension Holders' Unit Fund Certificate for the year that ended on June 30, 2009.
The dividend was approved by the Board of Directors of the company in a meeting held Wednesday, said press releases.
Chairman of the board of directors of ICB AMCL M. A. Motalib Chowdhury, presided over the meeting.
It may be mentioned here that the rate of dividend for the year 2007-08 was Tk. 17.00 per Unit of ICB AMCL Unit Fund and- the Rate of dividend for the year 2007-2008 was Tk. 16.00 per Unit of ICB AMCL Pension Holders' Unit Fund.
ICB Asset Management Company Limited has stopped declaration of dividend of its four closed end Mutual Funds for the FY 2008-09 to comply with the prohibitory order of the honorable high Court in writ petition. No. 5796 of 2008 filed by a number of investors against the proposed amendment to rule 66 of Securities and Exchange Commission (Mutual Fund) Rules, 2001.
Meanwhile, the Total Net Asset Value (NAV) of ICB AMCL Unit Fund stood at Tk 1,003,981,795.64 on the basis of cost price and Tk. 1,186,775,472.42 on the basis of market price at the close of business operation on July 28, 2009. The Net Asset Value (NAV) per unit stood at Tk. 182.19 on the basis of cost price and Tk. 215.36 on the basis of current market price on the same day against the face Yalue of Tk. 100.00 per unit after taking into consideration all assets & liabilities of the Fund. The Sale and Repurchase prices of the ICB AMCL Unit certificate have been re-fixed at Tk. 220.00 and Tk. 215.00 per unit respectively will effect from tomorrow (Sunday).
On the other hand, the total NAV of ICB AMCL Pension Holders' Unit Fund stood at Tk. 91,967,795.85 on the basis of cost price and Tk. 123,968,857,19 on the basis of market price at the close of business operation on July 28, 2009. The NAV per unit stood at Tk. 133.75 on the basis of cost price and Tk. 180.29 on the basis of current market price on the same day against the face value of Tk. 100.00 per unit after taking into consideration all assets & liabilities of the Fund. The Sale and Re-purchase prices of the ICB AMCL Pension Holders' Unit certificate have been re-fixed at Tk. 185.00 and Tk. 180.00 per unit respectively will effect from tomorrow (Sunday).
The dividend was approved by the Board of Directors of the company in a meeting held Wednesday, said press releases.
Chairman of the board of directors of ICB AMCL M. A. Motalib Chowdhury, presided over the meeting.
It may be mentioned here that the rate of dividend for the year 2007-08 was Tk. 17.00 per Unit of ICB AMCL Unit Fund and- the Rate of dividend for the year 2007-2008 was Tk. 16.00 per Unit of ICB AMCL Pension Holders' Unit Fund.
ICB Asset Management Company Limited has stopped declaration of dividend of its four closed end Mutual Funds for the FY 2008-09 to comply with the prohibitory order of the honorable high Court in writ petition. No. 5796 of 2008 filed by a number of investors against the proposed amendment to rule 66 of Securities and Exchange Commission (Mutual Fund) Rules, 2001.
Meanwhile, the Total Net Asset Value (NAV) of ICB AMCL Unit Fund stood at Tk 1,003,981,795.64 on the basis of cost price and Tk. 1,186,775,472.42 on the basis of market price at the close of business operation on July 28, 2009. The Net Asset Value (NAV) per unit stood at Tk. 182.19 on the basis of cost price and Tk. 215.36 on the basis of current market price on the same day against the face Yalue of Tk. 100.00 per unit after taking into consideration all assets & liabilities of the Fund. The Sale and Repurchase prices of the ICB AMCL Unit certificate have been re-fixed at Tk. 220.00 and Tk. 215.00 per unit respectively will effect from tomorrow (Sunday).
On the other hand, the total NAV of ICB AMCL Pension Holders' Unit Fund stood at Tk. 91,967,795.85 on the basis of cost price and Tk. 123,968,857,19 on the basis of market price at the close of business operation on July 28, 2009. The NAV per unit stood at Tk. 133.75 on the basis of cost price and Tk. 180.29 on the basis of current market price on the same day against the face value of Tk. 100.00 per unit after taking into consideration all assets & liabilities of the Fund. The Sale and Re-purchase prices of the ICB AMCL Pension Holders' Unit certificate have been re-fixed at Tk. 185.00 and Tk. 180.00 per unit respectively will effect from tomorrow (Sunday).