MBL 1st MF declares 10% cash dividend

The trustee committee of Mercantile Bank Limited 1st Mutual Fund has recommended a 10 percent cash dividend for its unitholders based on the Net Income for the year ended on March 31, 2022.

The dividend payout was recommended at the Trustee Committee’s meeting, said the Fund in a filing with the Dhaka Stock Exchange on Monday.

The Trustee Board has reported EPU of Tk 1 and consolidated NAV per unit of Tk 11.02 at cost price basis, NAV per unit of Tk 11.83 at market price basis during the period.

The record date for the distribution of the declared dividend among the shareholders has been fixed as June 5, 2022.

There will be no price limit on the trading of the unit of the fund today (May 16) following its corporate declaration.