Citizens Mutual Fund-1 (CMF1) Proposes 40 Percent Dividend

August 18, 2021 | Investopaper

Citizens Mutual Fund-1 (CMF1) has announced dividend to its unit-holders. The dividend announcement is from  the fiscal year 2077/78.

CMF1 has proposed a 40 percent cash dividend worth Rs 32.80 crores. The board meeting of CBIL Capital Limited held on Bhadra 1, 2078 BS made the announcement about the dividend.

Related: Citizens Mutual Fund-2 (CMF2) Dividend

In the previous fiscal year 2076/77, the mutual fund scheme had distributed a 15 percent cash dividend worth Rs 12.30 crores.

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. CBIL Capital Limited is the fund manager of the scheme. Likewise, Citizens Bank International is the promoter for the fund.

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