JM Arbitrage Advantage Fund declares 2.20% dividend

The trustees of JM Financial Mutual Fund have approved the declaration of dividend under JM Arbitrage Advantage Fund - Dividend Plan and fixed Friday, 20th June, 2008 as the record date for this purpose in accordance with SEBI Circular no. SEBI/IMD/CIR No. 1/64057/06 dated April 4, 2006.

The trustees have declared a dividend of 2.20% (Re. 0.22/- per unit).

All unitholders whose names appear on the registers of unitholders under the above mentioned plan / option as at the close of business hours on the said record date shall be eligible to receive dividend.

The NAV of the fund as on June 13, 2008 is at Rs.10.3087.

The final dividend rate will be declared based on the availability of distributable surplus in the plan /option.

After payment of dividend, the per unit NAV of the plan / option willfall to the extent of the payout and statutory levies (if applicable).

Mutual fund investments are subject to market risks and there is no assurance or guarantee that the objectives of the Fund will be achieved. As with any investment in securities, the Net Asset Value (‘NAV’) of the Units issued under the scheme can go up or down depending on the factors and forces affecting the capital markets. Past performance of Sponsor / AMC / Schemes of JM Financial Mutual Fund does not indicate the future performance of the schemes of JM Financial Mutual Fund.

Please read the offer documents carefully before investing.

Source : Equity Bulls

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