MNMF1 Declares 2.20% Cash Dividend for FY2082/83
Muktinath Mutual Fund 1 has declared a 2.20% cash dividend, including tax for FY2082/83. Unitholders holding units until Bhadra 23 will be eligible for the payout.
Muktinath Mutual Fund 1 (MNMF1) has declared a 2.20% cash dividend for fiscal year 2082/83, including tax, for its unitholders.
The decision was taken at the 163rd meeting of the Board of Directors of Muktinath Capital Limited, held on Bhadra 11. The fund manager has approved the distribution of a 2.20% cash dividend to eligible unitholders.
MNMF1 is a closed-end mutual fund with a seven-year maturity period. The scheme is sponsored by Muktinath Bikas Bank Limited and managed by Muktinath Capital Limited.
For the month of Ashadh, MNMF1 reported a net asset value (NAV) of Rs10.22 per unit. The fund’s unit price closed at Rs9.30.
Muktinath Capital has also announced the book closure date for the dividend. The book closure has been set for Bhadra 24.
Accordingly, investors who hold MNMF1 units until Bhadra 23 will be eligible to receive the declared cash dividend.
The dividend announcement comes during the ongoing FY2082/83 distribution season, with listed companies and mutual funds declaring returns for their investors.