| 1. Name |
Prime Financial First Unit Fund |
| 2. Initial size of the Fund |
Tk 20,00,00,000 (Taka twenty crore) divided into 20,00,000 (twenty lac) units of Tk 100 (Taka one hundred) each |
| 3. Face value |
Tk 100 (Taka one hundred) per Unit |
| 4. Nature |
Open end with perpetual life and unlimited size. |
| 5. 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. |
| 6. 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. |
| 7. 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. |
| 8. Dividend distribution |
The dividend warrant will be distributed within 30 (thirty) days from the date of declaration. |
| 9. Transferability |
The units of the Fund are transferable by way of inheritance/gift and/or by specific operation of the law. |
| 10. 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. |
| 11. Tax |
Dividend income of the Fund will be tax free up to a certain level as permitted by the Finance Act. |
| 12. 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. |
