Shanta First Income Unit Fund declares 10% dividend

The trustee of Shanta First Income Unit Fund has announced 10 per cent (Tk 1 per unit) dividend for 2021-22 fiscal year ending on June 30, 2022 for its esteemed investors.
Earnings per unit (EPU) of the fund stands at Tk 1.14, implying that the fund has disbursed 87.7 per cent of its earnings to its valued investors, Shanta Asset Management said in a statement today.
"Now they can opt for the dividend as cash or reinvest the dividend by purchasing units of the said fund for further growth," the statement read.
Shanta Asset Management Limited -- sponsor and asset manager of the fund -- stipulates that only the shareholders who have held units on June 30, 2022 will be entitled to the reception of the declared dividend.
"Despite a challenging year, with a market return of only 3.7 per cent in FY 2021-22, we are delighted to declare a decent dividend for our esteemed investors," said Mohammad Emran Hasan, CEO of Shanta Asset Management Limited.
"In the spirit of assurance and resilience, I would like to thank our valued investors for trusting us thus far. With that in mind, we will continue to serve our clients by maximising their wealth while acting as their go-to fund manager."
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