ING L.I.O.N. has declared a dividend to an extent of 100 percent of the distributable surplus under its dividend option. The record date has been fixed as May 16, 2008. The current NAV (as on May 08, 2008)is Rs 14.99.
As per the trustees' approval and internal norms of the fund house, the ex- dividend NAV should not fall below Rs.10.05. Hence the rate of dividend shall be restricted to the above rate or at such rate that the NAV shall not fall below Rs 10.05.