Ceybank celebrates with record Rs. 417 m dividend bonanza for unitholders

Tuesday, 27 May 2014 03:31 -     - {{hitsCtrl.values.hits}}

Ceybank Asset Management Ltd., the managers for Ceybank Funds, yesterday announced the highest-ever dividend distribution of Rs. 417 million for investors in its equity funds, Ceybank Unit Trust and Ceybank Century Growth Fund recently. The distribution translates in to a dividend of Rs. 2 per unit of the respective Funds. The two funds have over 10,000 unit holders. Ceybank Unit Trust is the biggest balanced fund in the country with a net asset value of Rs. 5.8 billion while the Ceybank Century Growth Fund is the country’s first and the biggest equity fund with a net asset value of Rs. 1 billion. “It is a historical milestone for Ceybank Funds as it is the highest-ever dividend payment made by the Ceybank Unit Trust Fund since inception,” Ceybank Asset Management Chairman K.L. Hewage said. Ceybank Asset Management Ltd. CEO Chitra Sathkumara stated that the current dividend of Rs. 2 per unit for both Ceybank Unit Trust and Ceybank Century Growth Fund would translate to a dividend yield of 7.6% and 3.4% respectively to its unit holders in addition to the capital appreciation of 7.9% and 9.3% respectively during the period based on unit offer prices as at 1 April 2013.” See full story on Page 11

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