Cangilt, Canequity Declare Dividend

Kochi: Canbank Mutual Fund has announced dividend for two of its schemes, Cangilt and Canequity Diversified, under the income plan. Canequity scheme has announced a dividend of 30 per cent for units with a face value of Rs 10. As on August 29, Canequity under the income plan had a NAV of Rs 21.97, while growth plan had Rs 35.26. Cangilt, which has a face value of Rs 10, has announced a dividend of seven per cent, under the income plan. The NAV of the scheme is Rs 10.94, while under the growth plan it was Rs 19.17. September 5 has been fixed as the record date for the income distribution of these schemes. The books of Canequity and Cangilt will remain closed on September 6-7 on account of the dividend distribution.