News Briefs (2022-04-09)

CAPM declares Unit Fund NAV

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM Unit Fund. The total NAV of CAPM Unit Fund stood at Tk 134,798,137.42 on the basis of cost price and Tk 149,280,660.13 on the basis of market price at the close of the operations on April 07. The NAV per unit at cost price and market price of the fund are Tk 118.17 and Tk 130.86 respectively against the face value of Tk 100 per unit. Per unit subscription and surrender prices of the Unit Fund have been re-fixed at Tk 130.86 and Tk 130.46 respectively. The prices will remain valid from April 10 until announcement of the next NAV. — Statement

NAV of BDBL Mutual Fund 01

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM BDBL Mutual Fund 01. The total NAV of CAPM BDBL Mutual Fund 01 stood at Tk 550,034,798.70 on the basis of cost price and Tk 632,660,954.12 on the basis of market price at the close of the operations on April 07. The NAV per unit at cost price and market price of the fund are Tk 10.97 and Tk 12.62 respectively against the face value of Tk 10 per unit. — Statement

NAV of IBBL Islamic MF

CAPM Company Limited has declared the Net Asset Value (NAV) of CAPM IBBL Islamic Mutual Fund. The total NAV of CAPM IBBL Islamic Mutual Fund stood at Tk 714,493,567.90 on the basis of cost price and Tk 828,566,807.42 on the basis of market price at the close of the operations on April 07. The NAV per unit at cost price and market price of the fund are Tk 10.69 and Tk 12.39 respectively against the face value of Tk 10 per unit. — Statement

Citigroup allows clients to cancel depositary receipts in Russian cos

Citigroup has started to allow holders of depositary receipts in Russian companies to cancel them, two sources familiar with the matter said on Thursday. Citi's move follows steps taken by banks such as BNY Mellon and JPMorgan & Chase in the last two weeks. After cancelling a depositary receipt, which are certificates issued by a bank representing shares in a foreign company traded on a local stock exchange, clients receive the underlying share in the Russian company. This is the first step investors must take to liquidate their frozen holdings. The London Stock Exchange (LSE) halted trading in the depositary receipts of Russian companies roughly a month ago after prices plunged due to a slew of Western sanctions slapped on Russia for its invasion of Ukraine. Still, due to sanctions imposed by Russia, foreign investors are not allowed to sell their shares.

— Reuters