Principle PNB MF declares dividend under FMP Series

The Principle PNB mutual fund has announced the declaration of dividend under dividend option of Principle PNB Fixed Maturity Plan-91 Days-Series XIII. The record date for dividend will be 28 May 2008. The AMC plans to distribute net appreciation in the NAV of dividend option from the date of allotment i.e. 28 February 2008 (after considering the reduction in NAV due to payment of dividend declared on 20 March 2008) will be paid as dividend. The NAV of the scheme was recorded at Rs 10.1898 as on 23 May 2008. Principle PNB Fixed Maturity Plan-91 Days-Series XIII is close-ended debt scheme with an investment objective of building an income-oriented portfolio and providing returns along with regular liquidity to investors.