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ATC Shariah Unit Fund 2025-26 Year End Audited Financial Statement
ATC Shariah Unit Fund 2024-25 Year End Audited Financial Statement has been published
Upon receiving approval from the Bangladesh Securities and Exchange Commission (BSEC), Trustee Bangladesh General Insurance Company Limited has confirmed that all requisite procedures for the winding up of the Asian Tiger Sandhani Life Growth Fund, following the completion of its term, have been successfully completed, as validated by the BSEC. A resolution has been adopted to direct the trustee to undertake the necessary arrangements for disbursing payments to the fund’s unitholders.
The Quarter 1 Un-Audited Financial Statement of ATC Shariah Unit Fund can now be viewed.
The financial year for ATC Shariah Unit Fund (ATCSUF) has ended on March 31, 2025. The fund reported an EPU (Earnings Per Unit) of BDT (0.86) (After Provision Adjustment) and BDT 0.24 (Before Provision Adjustment). The board of trustees has decided to declare Zero Dividend for the year.
Notice is hereby given to the Margin Account Unitholders of Asian Tiger Sandhani Life Growth Fund (Under Liquidation) and the Margin Loan Providers (i.e. Merchant Bank and Stock Broker) to provide details of Unitholders that are in the category of Margin Account. Full details (shareholders' name, BO ID, shareholding position, Bank name, A/c No, & Routing No., etc.) along with their respective claims should be submitted by June 30, 2025 to the Trustee, Bangladesh General Insurance Company PLC., Trustee Department (1st floor, 42 Dilkusha C/A, Dhaka -1000)
Bangladesh General Insurance Company PLC. as Trustee of Asian Tiger Sandhani Life Growth Fund (Under Liquidation) would like to inform all concerned that, as per Securities and Exchange Commission (Mutual Fund) Bidhimala 2001, the Fund is in the process of ''Winding Up''. Bangladesh General Insurance Company PLC. as Trustee of Asian Tiger Sandhani Life Growth Fund requests all concerned to submit their claim for dividend, refund or any other claim from the Fund. Claim, if any, should be submitted with full details by June 23, 2025 to the Trustee, Bangladesh General Insurance Company PLC., Trustee Department, 1st floor, 42 Dilkusha C/A, Dhaka-1000. Any claim received after the above mentioned date will not be accepted.
On the closure of operation on March 10, 2025 the Fund has reported Net Asset Value (NAV) of Tk 8.16 per unit on the basis of current market price and Tk 9.01 per unit on the basis of cost price against face value of Tk 10.00 whereas total Net Assets of the Fund stood at Tk 504,078,978 on the basis of current market price and Tk 556,790,840 on the basis of cost price.
BGIC as Trustee of Asian Tiger Sandhani Life Growth Fund would like to inform you that BSEC via its letter No. BSEC/MF & SPV/MF-78/2010/28 has stated the following:
The commission is not in a position to accord consent to conversion of Asian Tiger Sandhani Life Growth Fund (close- end mutual fund).
Further more BSEC also vide its letter No. BSEC/MF& SPV/MF-78/2010/163 has stated the following:
In view of the above and in compliance with section 7.1 (1) of the prospectus BGIC as trustee of the fund would like to inform that the tenure of said fund will expire on March 10, 2025.
Bangladesh Investors Conference 2024 organized by BRAC EPL Stock Brokerage Ltd in collaboration with Asian Tiger Capital Partners occurred on Thursday, December 12, 2024, at Nawab Hall, Sheraton Dhaka. Link: https://www.facebook.com/BRACEPLStock/videos/1696604651201657/
Asian Tiger Sandhani Life Growth Fund is scheduled to end its current tenure on March 31, 2025. For purpose of extension of the tenure of the Fund, a meeting was held with the Honourable Commission on May 20, 2024 at the Commission's Board Room with the Asset Management Company, Trustee and Custodian of the said Fund under the BSEC (Mutual Fund) Rules 2001. The Chairman directed that a meeting of the Unitholders should be held in this connection.
Bangladesh General Insurance Company PLC (BGIC), as the Trustee of Asian Tiger Sandhani Life Growth Fund, has in terms of Section 4.2.16 of the Trust Deed, arranged a Unitholders' Meeting to be held at 11:00 a.m. on Thursday, October 31, 2024 at RAOWA Convention (Anchor Hall), VIP Road, Mohakhali, Dhaka-1206 to transact the following agenda:
AGENDA: 1. "Extension" of the Fund for another single term as provided under Section 50 (kha) of the BSEC Mutual Fund Rules 2001. The Record Date for the purpose is October 08th, 2024.
Relevant papers, proxy forms, and other documents are available for download at www.at-capital.com (Mutual_funds—ATCSLGF—Financial_reports—Financial_statements) or collected from the office of Asian Tiger Capital Partners Asset Management Ltd., Progress Tower (2nd Floor), House # 1, Road # 23, Gulshan- 1, Dhaka-1212, or from the meeting venue.
BGIC the Trustee Committee of Asian Tiger Sandhani Life Growth Fund (ATCSLGF) has approved the Fund's Audited Financial Statements and recommended No Dividend for the year ending on 30th June 2024 . Record date is 8th October 2024. The Fund has also reported EPU of Tk (1.95), NAV per unit at cost price of Tk 11.25, NAV per unit at market price of Tk 8.31 and NOCFPU of Tk 0.15 for the year ended on 30-Jun-2024 as against Tk (0.23), Tk 11.10, Tk 10.25 and Tk 0.15 respectively for the same period of the previous year.
