Dhaka, Bangladesh (BBN)-The unit holders of the AIMS First Guaranteed Mutual Fund (AFGMF) have given their consent in favor of extending the tenure of the fund for ten years more, officials said.
They spoke for the extension of the fund’s tenure at the annual general meeting (AGM) of the AFGMF held on Wednesday.
“The tenure of the AFGMF will end on June 30, 2015 and that’s why we have held the fund’s AGM one year earlier of completing the tenure to comply with the securities rules” said Managing Director of the AIMS of Bangladesh, Yawer Sayeed.
He said the AFGMF never counted loss and the average dividends disbursed so far varied from 20 percent to 30 percent.
The net asset value (NAV) of the AFGMF was Tk 50 as on last Thursday.
BBN/BB/ANS-25June14-8:55pm (BST)