 | SEC allows AIMS to disburse pending dividends
04 November, 2010
The securities regulator has decided to allow the trustee of AIMS First Guaranteed Mutual Fund to disburse the pending dividends and entitlements for the years 2007-08 and 2008-09 among the unit-holders.
According to SEC's decision, AIMS First Guaranteed Mutual Fund now has no bar to giving out its pending dividends and entitlements.
The Securities and Exchange Commission (SEC) Wednesday took this decision at a commission meeting with its chairman Ziaul Haque Khondker in the chair.
SEC member Mansur Alam said the commission has taken the move in line with the observations and directions of the High Court's (HC's) verdict.
"The SEC will suggest the fund managers of AIMS to take proper initiatives regarding their pending dividends," he said.
Release link:http://www.thefinancialexpress-bd.com/more.php?news_id=116644&date=2010-11-04
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