Ceylon Income Fund, which says it is the only Corporate Debt Fund in Sri Lanka rated A-(lk) by Fitch Ratings, has announced a dividend of Rs. 1.40 per Unit to its investors. The Fund reported an annualised return of 16.61% (after tax), over the 1st quarter of 2013. The Ceylon Income Fund invests only in [...]

Feeds Editorials Times Online

The Sundaytimes Sri Lanka

Ceylon Income Fund declares 14% tax free dividend

View(s):

Ceylon Income Fund, which says it is the only Corporate Debt Fund in Sri Lanka rated A-(lk) by Fitch Ratings, has announced a dividend of Rs. 1.40 per Unit to its investors. The Fund reported an annualised return of 16.61% (after tax), over the 1st quarter of 2013.
The Ceylon Income Fund invests only in debt instruments issued by corporates rated ‘Investment Grade’, (BBB or better) by Fitch or RAM Ratings. “With nearly 50% of the portfolio secured against assets, the risk of the portfolio was rated A-(lk) by Fitch Ratings,” says Dulindra Fernando, Managing Director of Ceylon Asset Management.




Share This Post

DeliciousDiggGoogleStumbleuponRedditTechnoratiYahooBloggerMyspace
comments powered by Disqus

Advertising Rates

Please contact the advertising office on 011 - 2479521 for the advertising rates.