Dhaka, Bangladesh (BBN)- The Board of Directors of the Investment Corporation of Bangladesh (ICB) has approved 100 percent to 600 percent dividends on its eight mutual funds and one unit fund for the last fiscal year that ended June 30, 2012.
The approval came at the ICB board meeting held Sunday at its board room presided over by chairman of the state-owned asset management company Professor S M Mahfuzur Rahman while managing director Md. Fayekuzzaman and other board members were present.
The approved dividends on ICB Mutual Funds for the fiscal year 2011-2012 are as follows: The First ICB Mutual Fund 600 per cent dividend, while the second ICB Mutual Fund 300 per cent, the third ICB Mutual Fund 200 per cent, the fourth ICB Mutual Fund 185 per cent, the fifth ICB Mutual Fund 170 per cent, the Sixth ICB Mutual Fund 100 per cent, the Seventh ICB Mutual Fund 110 per cent and the eighth ICB Mutual Fund 100 per cent dividends while ICB Unit Fund (Per Unit of BDT 100.00 each) approved BDT 32.00.
The record date for entitlement of dividend of ICB Mutual Funds will be 12 August, 2012, a press statement said.
BBN/SSR/AD-30July12-11:28 am (BST)
