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Kochi May 25 Canbank Mutual Fund has declared an income distribution of 50 per cent for its CanExpo scheme, which has a face value of Rs 10. The record date for the income distribution for this open-ended equity-oriented specific-sector scheme has been fixed as May 29.

The investment objective of the scheme has been to achieve capital appreciation by predominantly investing in companies with substantial foreign exchange earnings. The books of the scheme will remain closed on May 30 and 31 on account of this dividend distribution.

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