Shanta First Income Unit Fund declares 10% dividend

The Trustee of Shanta First Income Unit Fund has announced a 10 per cent (Tk 1 per unit) dividend for FY 2021-22, which came to an end on June 30, 2022, for its esteemed investors.

Earnings Per Unit (EPU) of the fund stands at Tk 1.14, implying that the fund has disbursed 87.7 per cent of its earnings to its valued investors. Now they can opt for the dividend as cash or reinvest the dividend by purchasing units of the said fund for further growth, said a press release on Wednesday.

Shanta Asset Management Limited CEO Mohammad Emran Hasan said, “Despite a challenging year, with a market return of only 3.7 per cent in FY 2021-22, we are delighted to declare a decent dividend for our esteemed investors.”

“In the spirit of assurance and resilience, I would like to thank our valued investors for trusting us thus far. With that in mind, we will continue to serve our clients by maximizing their wealth while acting as their go-to fund manager,” he added.

Shanta Asset Management Limited -- sponsor and asset manager of the fund -- stipulates that only the shareholders who have held units on June 30, 2022, will be entitled to the reception of the declared dividend.