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MENAFN - Khaleej Times - 04/04/2014
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(MENAFN - Khaleej Times) The national bank of abu dhabi?s nbad cautious income fund will pay to its investors a semi-annual distribution equal to 3

The fund has earned a total income of 4556399.97 from september 26 2013 (last ex-dividend date) until march 27 2014. investors who have successfully subscribed into the fund by march 26 2014 will be eligible for dividends. the dividend pay-out method will be based on the pay-out preference each investor in the fund had selecd at the time of subscription. accordingly dividend reinvestment will be based on the unit net asset value (nav) of april 3 2014; while dividend pay-out in the form of cash will be paid out within 12 business days from the ex-dividend date.


“globally mena stands out with its unique value proposition for its unrivalled credit quality coupled with abundant liquidity” said ali soner guney the fixed income fund manager at nbad asset management group.

 


Khaleej Times




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