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Kochi June 23 Canbank Mutual Fund has declared 30 per cent dividend in CanEmerging Equities scheme — Rs 3 on the face value of Rs 10 per unit.

The open-ended equity scheme's objective is to generate capital appreciation by primarily investing in diversified mid-cap stocks, a press release issued here said.

The record date for the income distribution has been fixed as June 28. All unit holders whose names appear in the register as on the record date would be eligible for this income distribution.

The books of the scheme will remain closed on June 29, on account of the dividend distribution, and there will not be any sale or repurchase of the units of the scheme on the book closure date.

The NAV of the scheme was Rs 15.41 (income plan) as on June 22 and it is likely to fall to the extent of the payout, after the date of dividend distribution. Past performance may or may not be sustained in future, the release said.

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CanEmerging Equities scheme to pay 30% dividend

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