Global IME Balance Fund-I (GIBF1) has proposed a 5% cash dividend for its unit holders for the fiscal year 2080/81. The decision was made during the 178th board meeting of Global IME Capital Limited, held on Bhadra 28, which approved a cash dividend distribution amounting to Rs. 5.12 Crores.
GIBF1 is a closed-end fund with a 10-year maturity period, managing a fund size of Rs. 1.02 Arba. This dividend payout reflects the fund’s continued commitment to rewarding its investors.
The book closure date for this dividend has not yet been announced, and unit holders registered before the date will be eligible for the dividend. As of the latest trading session, the last traded price (LTP) of GIBF1 stands at Rs. 10.29.