Lotus India AMC Declares Maiden Dividend

Lotus India Asset Management Company today, announced the declaration of its maiden dividend of 3% in the Dividend Option of Lotus India Arbitrage Fund. The dividend proposed to be declared is Re. 0.30 per unit on a face value of Rs. 10/- per unit. The NAV of the Dividend option as on 20 September 2007 was Rs. 10.3691. The fund house has notified 26 September 2007 as the record date for the purpose of declaring dividend. Lotus India Arbitrage Fund is the first equity scheme of Lotus India Mutual Fund to declare dividend.

Distribution of dividend is subject to availability and adequacy of distributable surplus. Pursuant to payment of dividend, NAV would fall to the extent of dividend payout and statutory levy, if applicable. All unit holders of Dividend option under the Scheme, whose names appear in the records of the Registrar, Computer Age Management Services Pvt. Ltd., as at the close of business hours on 26 September 2007, will be entitled to receive the dividend.