The Dividend Policy is formulated as follows:
An aggregate of :
A. Base Rate: 1% NAV Per Share; and
B. Top-Up Rate: 8% of the difference between Share Price and NAV Per Share
The Fund’s NAV will be based on a simple average of the relevant four (4) weekly NAVs periodically announced by the Company, whereas the Fund’s Share Price will be based on the volume-weighted average price for a period of the corresponding four (4) weeks.
The Top-up Rate will not apply if icapital.biz Berhad's share price is trading at parity or a premium to NAV.
Dividend Calculator
Dividend per share (RM): 0.0000
Dividend Yield (%): 0.00
Total Dividend (RM): 0.00
Innovative Dividend Policy
The Dividend Policy of icapital.biz Berhad is highly innovative.
The Board and the Fund Manager aim to deliver prudent dividend payouts, taking into consideration the long-term capital appreciation objective of icapital.biz Berhad, its performance, NAV-to-share price discount, the Fund Manager's value investing philosophy and asset allocation strategy, market and economic conditions and other factors considered relevant by the Board and the Fund Manager.
The design efforts for this innovative Dividend Policy were led by Mr Tan Teng Boo, Designated Person to the Fund Manager, Capital Dynamics Asset Management Sdn Bhd, in consultation with international finance experts.