Citizens Mutual Fund-1 (CMF1) Proposes 9 Percent Dividend

September 30, 2024 | Investopaper

Citizens Mutual Fund-1 (CMF1) has announced dividend to its unit-holders. The dividend announcement is from  the fiscal year 2080/81.

CMF1 has proposed a 9 percent cash dividend worth Rs 7.38 crores. The board meeting of Citizens Capital Limited held on Ashwin 13, 2081 BS made the announcement about the dividend.


Related: Citizens Mutual Fund-2 (CMF2) Dividend


For the purpose of dividend distribution, the company has fixed the book closure date on Ashwin 23, 2081 BS. Therefore, investors holding/purchasing units of the scheme until Ashwin 22, 2081 BS will receive the 9 percent cash dividend for the fiscal year 2080/81.

Citizens Mutual Fund-1 is a close-ended scheme with the fund size of Rs 82 crores. The fund has a maturity period of 7 years. It will mature on Falgun 19, 2081. Citizens Capital Limited is the fund manager of the scheme. Likewise, Citizens Bank International is the promoter for the fund.


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