ICB declares dividends on 8 mutual funds, unit fund
Investment Corporation of Bangladesh (ICB) yesterday declared dividends on its eight mutual funds and on the unit fund for the year 2007-08.
The ICB declared 265 percent dividend on the first mutual Fund, while 75 percent for the second, 65 percent for the third, 60 percent for the fourth, 45 percent for the fifth, 30 percent for the sixth, 30 percent for the seventh and 25 percent for the eighth mutual fund and Tk 20 per unit on unit fund for the year that ended on June 30, 2008.
The dividends were approved in a fund related meeting of the board of directors of the corporation held in Dhaka, said a press release.
The release said the dividends are higher than the dividends paid on the respective funds in 2006-07.
During 2007-2008, the distributable profit of the first mutual fund was Tk 473.89 lakh, second mutual fund was Tk 149.69 lakh, third mutual fund was Tk 221.12 lakh, fourth mutual fund was Tk 216.20 lakh, fifth mutual fund was Tk 151.21 lakh, sixth mutual fund was Tk 306.69 lakh, seventh mutual fund was Tk 212.69 lakh, eighth Mutual Fund was Tk 212.99 lakh and ICB unit fund was Tk 12,019.00 lakh respectively.
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