Dhaka, Bangladesh (BBN)-The Trustee Committee of Prime Finance First Mutual Fund has approved 5.0 per cent cash dividend, said an office disclosure on Thursday.
The board of directors of Prime Finance First Mutual Fund proposed the dividend for the year ended on December 31, 2015.
The record date for entitlement of cash dividend is on February 17.
The Fund has also reported earnings per unit (EPU) of BDT 0.53, net asset value (NAV) per unit of BDT 16.33 at cost price basis.
At the market price basis, NAV per unit of BDT 10.39 and net operating cash flow per unit (NOCFPU) of BDT (0.01) for the year ended on December 31, 2015 as against BDT 0.93, BDT 16.79, BDT 11.59 and BDT 0.06 respectively for the year ended on December 31, 2014.
The fund was listed on the Dhaka bourse in 2009.
The sponsor-directors own 20 per cent stake in Prime Finance First Mutual Fund while institutions 30 percent and general public 50 per cent.
There will be no price limit on the trading of the units of the Fund today following its corporate declaration.
BBN/SK/AD