Prudential ICICI Tax Plan declares 25% dividend

Prudential ICICI Tax Plan (‘the Scheme’) have approved November 10, 2006 as the record date for declaration of dividend under the Dividend Option of the Scheme. Accordingly, Dividend will be paid to all the unitholders whose names appear on the Register of Unitholders of the Scheme, at the close of business on November 10, 2006 at the recommended rate of Rs. 2.50/- per unit (25%) (Face Value of Rs 10/- each) subject to availability of distributable surplus under the Scheme.

It should be noted that pursuant to payment of dividend, the NAV of the Scheme would fall to the extent of dividend payout and statutory levy if any.

Source : Equity Bulls

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