DWS Alpha Equity Fund declares 20% dividend

The Trustees of Deutsche Mutual Fund has approved Friday, February 26, 2010 as the Record Date# for the declaration of dividend, subject to the availability of distributable surplus, under Dividend Option of DWS Alpha Equity Fund - Regular Plan - Dividend Option @ 20% i.e. (*)(**) Rs 2/- per unit on face value of Rs. 10/- per unit (NAV as on February 16, 2010 was Rs.16.94 per unit).

Post Dividend per unit NAV will fall to the extent of the payout and applicable tax/surcharges/cess/other statutory levies. Dividend distribution is subject to availability of distributable surplus.

All the unitholders under the Dividend Option of the abovementioned Scheme whose name appear on the Register of Unitholders, 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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