Prabhu Mutual Fund Announces Book Closure Date for Two Schemes

Prabhu Bank Limited, as the fund promoter, and Prabhu Capital Limited, as the fund manager, have fixed the book closure date for two schemes under Prabhu Mutual Fund.

The book closure for Prabhu Select Fund and Prabhu Smart Fund will be held for one day on Bhadra 15 (September 1, 2024). The decision was made during the board meeting of Prabhu Bank held on Shrawan 30 (August 14, 2024). Accordingly, unit holders registered in NEPSE by Bhadra 12 (August 29, 2024) will be eligible for the dividend.

Both schemes had already declared cash dividends earlier. Prabhu Select Fund will distribute a 12% cash dividend (including tax), while Prabhu Smart Fund will provide a 10% cash dividend (including tax).

With this decision, unit holders maintaining their positions by the set date will be entitled to receive the announced dividends.