The tenure of the EBL First Mutual Fund has been extended for 10 years up to August 18, 2029, said an official disclosure by Bangladesh Securities and Exchange Commission (BSEC) on Monday.
The trustee of the fund, Investment Corporation of Bangladesh (ICB), has declared 3 percent profit in cash to the unit holders for the fiscal year closing and set August 27 as the record date. By June 30, 2019, earning per unit (EPU) of the fund was Tk0.29. Last year the EPU was Tk0.97. The closing Net Asset Value (NAV) of the fund this year was Tk10.80 whereas the opening NAV was Tk10.97. Last year the closing and opening NAV were Tk11.44 and Tk11.47 respectively.
In 2017-18 fiscal year, the fund gave 2 percent profit in cash and 8 percent return investment unit (RIU). Previously in 2016-17 fiscal year, the fund gave 2 percent profit in cash and 10 percent RIU.
On Monday at Dhaka Stock Exchange (DSE), each unit of the fund closed at Tk5.30 which opened at Tk5.40. In 2018-19, the lowest price of the fund’s unit was Tk5.30 and the highest price was Tk10.10.
According to the DSE, the EBL First Mutual Fund is managed by Bangladesh RACE Management PCL and the sponsor of the fund is Eastern Bank Limited.
The EBL First MF, which was listed on the DSE in 2009, has a revised capital of more than Tk144,75,40,000. It has a reserve of Tk4,90,40,000. A total of 2 percent of this close-end mutual fund units are held by the investors, 72.56 percent by the institution, and 25.44 percent by general shareholders.