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Saturday, December 27, 2008

Principal Pnb FMP- 91 Days-Series XVI announces dividend

Record date for dividend is 31 December 2008

The Principal Pnb Mutual Fund has announced the declaration of dividend under dividend option of Principal Pnb Fixed Maturity Plan-91 Days-Series XVI (a rolled over scheme). The record date for dividend has been fixed as 31 December 2008.

The AMC plans to distribute entire appreciation in the NAV of dividend option on 31 December 2008 will be paid as dividend. The NAV of the scheme was at Rs 10.2758 as on 24 December 2008.

Principal Pnb Fixed Maturity Plan-91 Days-Series XVI, a close ended debt scheme was launched in June 2008 with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.

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