The Trustee Committees of three more closed-end mutual funds have declared cash dividends based on net income for the year ended on June 30, 2021 and retained earnings.
The Funds are SEML Lecture Equity Management Fund, SEML FBLSL Growth Fund and SEML IBBL Shariah Fund, managed by Strategic Equity Management Ltd.
SEML Lecture Equity Fund: The Trustee Committee of the fund has declared 15 per cent cash dividend based on net income and retained earnings for the year ended on June 30, 2021.
The record date is set on September 2, the Fund said in a filing with the Dhaka Stock Exchange (DSE) on Monday.
The Fund has also reported earnings per unit (EPU) of Tk 2.84 for the year ended on June 30, 2021 as against loss of Tk 1.07 for the same period of the previous year.
The Fund has also reported net asset value (NAV) per unit at market price of Tk 11.84, NAV per unit at cost of Tk 12.55 and net operating cash flow per unit (NOCFPU) of Tk 1.21 for the year ended on June 30, 2021 as against Tk 9.0, Tk 11.44 and Tk 0.45 respectively for the same period of the previous year.
Each unit of the Fund, which was listed on the DSE in 2016, closed at Tk 12.20 on Monday, losing 4.69 per cent over the previous day.
SEML FBLSL Growth Fund: The Trustee Committee of the Fund has declared 15 per cent cash dividend based on net income for the year ended on June 30, 2021. The record date is set on September 02.
The Fund has also reported EPU of Tk 1.87, NAV per unit at market price of Tk 12.40, NAV per unit at cost of Tk 12.09 and NOCFPU of Tk 1.37 for the year ended on June 30, 2021 as against Tk 0.27, Tk 10.47, Tk. 11.07 and Tk 0.81 respectively for the same period of the previous year.
Each unit of the Fund, which was listed on the DSE in 2019, closed at Tk 12.60 on Monday, losing 5.26 per cent over the previous day.
In 2020, the Fund provided a 2.50 per cent cash dividend.
SEML IBBL Shariah Fund: The Trustee Board of the Fund has declared 10 per cent cash dividend based on the net income for the year ended June 30, 2021 and considering previous retained earnings. The record date is set on September 2.
The Fund has reported earnings per unit (EPU) of Tk 2.35 for the year ended on June 30, 2021 as against loss of Tk 1.13 per unit for the same period last year.
The Fund has also reported net asset value (NAV) per unit at market price of Tk 11.31, NAV per unit at cost of Tk 11.85 and net operating cash flow per unit (NOCFPU) of Tk 0.83 for the year ended on June 30, 2021 as against Tk 8.96, Tk 11.03 and Tk 0.47 respectively for the same period of the previous year.
The Fund has also noted that, EPU of Tk 2.35 for the year ended on June 30, 2021 per unit includes provisional reversal of Tk 1.52. Therefore, this declaration of 10 per cent cash dividend represents 76 per cent of distributable profit and 120.48 per cent of adjusted EPU of 30th June 2021.
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