Principal Service Industries Fund declares 15% dividend

The Trustees of Principal Mutual Fund has approved Monday, February 22, 2010 as the Record Date# for the declaration of dividend, subject to the availability of distributable surplus, under Dividend Option of Principal Service Industries Fund @ 15% i.e. (*)(**) Rs 1.5/- per unit on face value of Rs. 10/- per unit (NAV as on February 16, 2010 was Rs.13.28 per unit).

Pursuant to the payment of dividend, the NAV under Dividend Option of the aforesaid Scheme would fall to the extent of payout and statutory levy (if applicable).

All the unitholders under the Dividend Option of the abovementioned Scheme whose name appear on the Register of Unitholders of our Registrar & Transfer Agents, M/s. Karvy Computershare Pvt. Ltd., as on the Record Date shall be eligible to receive the dividend.

* Considering the volatile nature of markets, Board of Trustees reserves the right to restrict the quantum of dividend upto, the per unit distributable surplus available on the record date in case of fall in market.

** as reduced by amount of applicable statutory levy.

# If in any case the Record Date falls on a non-business day, the immediately following business day shall be deemed to be the Record Date.

Source : Equity Bulls

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