| 1. Name |
Prime Finance Second Mutual Fund |
| 2. Initial size of the Fund |
Tk. 50,00,00,000 (Taka fifty crore) divided into 5,00,00,000 (five crore) units of Tk. 10 (Taka ten) each. |
| 3. Face value |
Tk. 10 (Taka ten) per unit |
| 4. Nature |
Open end with perpetual life and unlimited size. |
| 5. Sponsor |
Prime Finance & Investment Limited. |
| 5. Asset manager |
Prime Finance Asset Management Company Limited. |
| 6. Trustee |
Investment Corporation of Bangladesh. |
| 7. Custodian |
Investment Corporation of Bangladesh. |
| 8. Objective |
The objective of the Fund is to provide attractive risk adjusted return to the unit holders by investing the proceeds in the capital market and money market. |
| 9. Minimum application ammount |
Tk. 5,000.00/- per application (500 Units) for individuals. Tk. 10,000.00/- per application (1,000 Units) for institutions. |
| 10. Transparency |
NAV will be calculated on a weekly basis and shall be published on the website of the fund manager (www.pamcbd.com) and as prescribed in the Rule. |
| 11. Target group |
Individuals - both resident and non-resident, institutions - both local and foreign, mutual funds and collective investment schemes are eligible to subscribe the units of the Fund. |
| 12. Dividend |
Minimum 70 (seventy) per cent of realized income of the Fund will be distributed as dividend in Bangladeshi Taka only at the end of each accounting year. |
| 13. Dividend distribution |
The dividend will be distributed within 45 (forty five) days from the date of declaration. |
| 14. Transferability |
The units of the Fund are transferable by way of inheritance/gift and/or by specific operation of the law. |
| 15. Encashment |
The unit holders can surrender their units through the Asset Manager and the authorized selling agents. So investment in this Fund will be easily encashable. |
| 16. Tax |
Dividend income from the Fund will be tax free up to a certain level as permitted by the Finance Act. |
| 17. Reports and Accounts |
Every unit holder is entitled to receive annual report along with the yearly and half-yearly statements of accounts as and when published from the website (www.pamcbd.com) of the Asset Management Company. |
