NIBL Growth Fund, Mega Mutual Fund–1 and NIBL Samriddhi Fund–2 Announce Dividends

Kathmandu – NIMB Ace Capital Limited (NIMBAC) has announced dividends for three of its managed mutual funds – NIBL Growth Fund (NIBLGF), Mega Mutual Fund–1 (MMF1), and NIBL Samriddhi Fund–2 (NIBSF2) – for the fiscal year 2081/82.

The 138th meeting of the Board of Directors held on Bhadra 19 decided to distribute:

• 10% dividend (including tax) worth NPR 13.2 Crores to unit holders of NIBL Growth Fund (NIBLGF),

• 7% dividend (including tax) worth NPR 10.5 Crores to unit holders of NIBL Samriddhi Fund–2 (NIBSF2), and

• 11.75% cash dividend (including tax) worth NPR 14.68 Crores to unit holders of Mega Mutual Fund–1 (MMF1).

All three funds are closed-end mutual funds with a maturity period of 10 years, promoted by Nepal Investment Mega Bank Limited and managed by NIMB Ace Capital Limited.

As per the NAV report for the month of Shrawan, the Net Asset Value of NIBLGF stands at Rs. 11.03, NIBSF2 at Rs. 10.77, and MMF1 at Rs. 11.18.

For dividend distribution purposes, the book closure date has been set for Bhadra 27. Thus, only those unit holders who maintained their holdings until Bhadra 26 will be eligible to receive the declared dividends.