Race’s 10 mutual funds declare dividend

The trustee committees of the ten more mutual funds, managed by Race Asset Management, have declared dividend for the year ended on June 30, 2021.

The funds also reported higher earnings per unit in the FY21 compared to the previous year.

The funds are -- PHP First Mutual Fund, EBL First Mutual Fund, Trust Bank 1st Mutual Fund, IFIC Bank 1st Mutual Fund, 1st Janata Bank Mutual Fund, Popular Life First Mutual Fund, EBL NRB Mutual Fund, AB Bank 1st Mutual Fund, First Bangladesh Fixed Income Fund and EXIM Bank 1st Mutual Fund.

These 10 mutual funds declared dividend worth Tk 221 crore, according to separate official disclosures on Wednesday.

PHPMF1

The trustee committee of PHP First Mutual Fund has recommended 8.50 per cent cash dividend for the year ended on June 30, 2021.

The fund has reported EPU of Tk 2.04 while NAV per unit at market price of Tk 11.85 and NAV per unit at cost of Tk 11.27. Its NOCFPU of Tk 0.54 for the year ended on June 30, 2021 as against negative Tk 1.23, Tk 9.23, Tk 10.86 and Tk 0.18 respectively for the same period of the previous year.

EBLNRBMF

The trustee committee of EBL NRB Mutual Fund has approved 6 per cent cash dividend based on net income and retained earnings for the year ended on June 30, 2021.

The fund posted the declaration on Dhaka Stock Exchange (DSE) website.

The fund has reported earnings per unit (EPU) of Tk 1.92; net operating cash flow per unit (NOCFPU) of Tk 0.46 for the year ended on June 30, 2021 as against negative Tk 1.35 and Tk 0.13 respectively for the same period of the previous year.

POPULAR1MF

The trustee committee of Popular Life First Mutual Fund has recommended 8.50 per cent cash dividend for the year ended on June 30, 2021.

The fund has reported EPU of Tk 2.08 while NAV per unit at market price of Tk 11.85 and NAV per unit at cost of Tk 11.46. Its NOCFPU of Tk 0.58 for the year ended on June 30, 2021 as against negative Tk 1.23, Tk 9.38, Tk 11.17 and Tk 0.34 respectively for the same period of the previous year.

ABB1STMF

AB Bank 1st Mutual Fund trustee committee has declared 8 per cent cash dividend based on the net income and retained earnings for the year ended on June 30, 2021.

The fund has reported EPU of Tk 2.61 while NAV per unit at market price of Tk 11.97 and NAV per unit at cost of Tk 11.70. Its NOCFPU of Tk 0.61 for the year ended on June 30, 2021 as against negative Tk 1.80, Tk 9.10, Tk 11.50 and Tk 0.41 respectively for the same period of the previous year.

EBLFMF

EBL First Mutual Fund has declared 13 per cent cash dividend for the year ended on June 30, 2021. The fund has reported EPU of Tk 2.61.

Trust Bank 1st

The trustee of Trust Bank 1st Mutual Fund has recommended 9 per cent cash dividend for the year ended on June 30, 2021. The fund reported EPU of Tk 2.24.

IFIC Bank 1st

The trustee of IFIC Bank 1st Mutual Fund has declared 7.5 per cent cash dividend for the year ended on June 30, 2021. The fund has reported EPU of Tk 2.31.

1st Janata Bank Mutual Fund

The trustee of 1st Janata Bank Mutual Fund has recommended 13 per cent cash dividend for the year ended on June 30, 2021. The fund has reported EPU of Tk 2.54.

First Bangladesh Fixed Income Fund

The trustee of First Bangladesh Fixed Income Fund has declared 4 per cent cash dividend for the year ended on June 30, 2021. The fund reported EPU of Tk 1.93.

EXIM Bank 1st Mutual Fund

The trustee of the fund has declared 7.5 per cent cash dividend for the year ended on June 30, 2021. The fund reported EPU of Tk 2.00.

There will be no price limit on the trading of the units of the funds on August 26 (Thursday) following its corporate declaration.

All the funds’ record date for dividend has been set on September 16.

In 2020, these 10 funds did not give any dividend for the unitholders as all of these funds incurred losses.