“Reliance One” Mutual Fund declares 11pc dividend

FE Online Report | Published: August 13, 2018 17:36:43


The Trustee Board of “Reliance One” the first Scheme of Reliance Insurance Mutual Fund has declared 11 per cent cash dividend based on net income for the year ended on June 30, 2018, said an official disclosure on Monday.

The record date is on September 12.

The Fund has also reported earnings per unit (EPU) of Tk 1.17, net asset value (NAV) per unit at market price of Tk 13.81, NAV per unit at cost of Tk 11.95 and net operating cash flow per unit (NOCFPU) of Tk 1.06 for the year ended on June 30, 2018 as against Tk 0.92, Tk 14.07, Tk 11.78 and Tk 0.89 respectively for the same period of the previous year.

There will be no price limit on the trading of the units of the Fund on Tuesday following its corporate declaration.

Each unit of the mutual fund, which was listed on the Dhaka Stock Exchange (DSE) in 2011, closed at Tk 10.40, gaining 0.97 per cent over the previous day.

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