Edelweiss Trusteeship Company, Trustee to Edelweiss Mutual Fund, has approved declaration of dividend under Edelweiss Short Term Income Fund, an open ended income Scheme and Edelweiss Absolute Return Fund, an open-ended equity-oriented Scheme, as per the details given below:
| Name of the Scheme/
Plan/Option | Amount of
Dividend (Rs) | Record Date | NAV per unit
as on Apr. 16, 2014 (Rs) | Face Value
per unit (Rs) |
Edelweiss Short
Term Income
Fund - Dividend Option | Rs 0.20 per unit | Friday,
Apr. 25, 2014 | Rs 11.87 | Rs 10 |
Edelweiss Absolute
Return Fund - Dividend Option | Rs 0.22 per unit | Friday,
Apr. 25, 2014 | Rs 11.07 | Rs 10 |
The scheme is an equity-oriented scheme. Investors in the scheme are not being offered any guaranteed/assured returns. Distribution of the above dividend is subject to availability of distributable surplus as on the record date and as reduced by the amount of applicable statutory levy, if any or the immediately following business day if that day is a non-business day.
All unit holders whose name appears in the register of unit holders of the aforementioned dividend option of the schemes as at the close of business hours on the record date shall be eligible to receive the dividend so declared.
Pursuant to payment of dividend, the NAV of the aforementioned dividend option of the schemes will fall to the extent of dividend payout and statutory levy, if any.
The record date for the dividend is Apr. 25, 2014 and any purchases on or before this date will be eligible for the dividend.
Under the dividend reinvestment option, the dividend declared will be reinvested in the respective dividend option at the NAV of April 25, 2014 and unit holders will be allotted additional units for the dividend amount.
