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Prime Bank MF tenure extended

FE Report | December 26, 2019 00:00:00

The trustee has approved the extension of the tenure of Prime Bank 1st ICB AMCL Mutual Fund for another term of ten years.

According to a disclosure posted on the website of Dhaka Stock Exchange (DSE), the tenure of the fund has been extended up to January 24, 2030.

The tenure has been extended as per BSEC Order issued on October 02, 2018 through the exercise of its power accorded by the Section 20A of the Securities and Exchange Ordinance, 1969 (XVII of 1969).

Investment Corporation of Bangladesh (ICB) is the trustee and the ICB Asset Management Company is the asset manager of the fund.

The units of the Prime Bank 1st ICB AMCL Mutual Fund presently are being traded below face value of Tk 10.

The price was Tk 4.80 each on Tuesday on the prime bourse.

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