HDFC Capital Builder Fund declares 22.50% dividend

The Trustees of HDFC Mutual Fund have approved Thursday, February 25, 2010#, as the record date for declaration of dividend, subject to availability of distributable surplus, under Dividend Option of HDFC Capital Builder Fund @ 22.50% i.e. (*) Rs 2.25/- per unit on face value of Rs. 10/- per unit (NAV as on February 18, 2010 was Rs.24.233 per unit).

After payment of dividend, the NAV will fall to the extent of the payout and statutory levy, if any. Dividend distribution is subject to availability of distributable surplus.

All unitholders whose names appear in the Register of Unitholders under the dividend plan of the said schemes as at the close of business hours on the Record Date shall be eligible to receive the dividend so declared.

With regard to Unit holders under the Dividend Option of the aforesaid Schemes, who have opted for Dividend Reinvestment facility, the dividend due will be reinvested by allotting Units for the Income distribution / Dividend amount at the prevailing ex-dividend NAV per Unit on the record date.

* The dividend will be subject to the availability of distributable surplus and may be lower to the extent of distributable surplus available on the Record Date.

# 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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