CAPM BDBL Mutual Fund skips dividend despite Tk6.77cr profit in FY26
The closed-end fund reports Tk1.35 earnings per unit as it prepares for a vote on converting to an open-end scheme or redemption.
CAPM BDBL Mutual Fund 01, a closed-end mutual fund, reported a net profit of Tk6.77 crore for the fiscal year ended 30 June 2026 but decided not to declare any dividend for the year.
The decision was finalised during a trustee board meeting held yesterday, according to a regulatory filing with the stock exchange.
The fund reported an earnings per unit (EPU) of Tk1.35 for the 2025-26 fiscal year.
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According to the audited financial statements, the fund's total Net Asset Value (NAV) stood at Tk55 crore on a cost-price basis and Tk45.19 crore on a market-price basis as of 30 June 2026. Consequently, the NAV per unit at cost price was Tk10.97, while the NAV at market price stood at Tk9.01, against the face value of Tk10 per unit.
The fund has set 9 September as the record date for its annual closing.
The decision to skip the dividend comes at a time when the fund is approaching a structural transition. Earlier, the trustee called a Special General Meeting (SGM) of its unitholders to determine the future of the scheme.
The meeting, scheduled for 7 October, will allow unitholders to vote on whether to convert the scheme from a closed-end to an open-end mutual fund or proceed with its formal redemption.
The record date for determining unitholder eligibility to attend and vote at the SGM has been set for 15 September.
Closed-end mutual funds in Bangladesh have recently come under regulatory focus, with the Bangladesh Securities and Exchange Commission (BSEC) encouraging funds trading at significant discounts to their NAV to consider conversion or liquidation to protect investor interests.
CAPM BDBL Mutual Fund 01 is managed by CAPM Company Limited, while the Investment Corporation of Bangladesh (ICB) serves as its trustee and custodian.
