Popular Life First Mutual Fund

Popular Life First Mutual Fund

• Name: Popular Life First Mutual Fund
• Nature of the Fund: Closed-end Mutual Fund with a tenure of 10 (Ten) years.
• Objective: The objective of the fund is to provide attractive dividend to the unit holders by investing the proceeds in the various instruments in the Bangladeshi capital market and money market.
• Subscription Open: August 22, 2010
• Subscription Close: August 26, 2010
• For Non-Resident Bangladeshi: August 22, 2010 to September 04, 2010
• Offer Price: Tk. 10.00 per unit
• Face Value: Tk. 10.00 per unit
• Market lot: 500 Units
• Sponsor’s Portion (Units): 20,000,000
• Pre IPO Placement Portion (Units): 80,000,000
• Public Offer (Units): 100,000,000
• Size of the Fund (Units): 200,000,000
• Size of the Fund (Amount): Tk. 2,000,000,000.00
• Asset Manager: RACE Management PCL
• Sponsor: Popular Life Insurance Company Limited
• Trustee: Bangladesh General Insurance Company Limited
• Custodian: Standard Chartered Bank