Staff Reporter: Southeast Bank First Mutual Fund is being transformed from a close-ended fund to an open-ended fund. The trustee of the fund, VIPB Asset Management, has approved the conversion to an open-ended fund. According to the Dhaka Stock Exchange website on Monday (February 15).
According to the information, the transaction of the fund will be closed on May 16-17. The meeting of the unit holders will be held on May 25. The time and venue of the meeting will be announced later. At the same time, at least 75 percent unit holders must be present at the meeting. Otherwise the fund will be liquidated.
Southeast Bank First Mutual Fund was listed on the stock exchange on May 17, 2011. The size of the fund was 90 crore 60 lakh rupees. So far, it has distributed about Tk 69 crore as dividend. At present, the asset value of the fund is Tk.
Source: Daily StockBangladesh by www.dailystockbangladesh.com.
*The article has been translated based on the content of Daily StockBangladesh by www.dailystockbangladesh.com. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!