KUALA LUMPUR: icapital.biz Bhd (ICAP) will introduce an innovative dividend policy to ensure that the gap between the fund’s share price and net asset value (NAV) will consistently be auto-remedied moving forward.
“This dividend policy is being introduced despite the share price of ICAP reaching an all-time high of RM2.86 and NAV trading near all-time high at RM3.64 on Aug 16, 2023, with the NAV discount also narrowing to 21.43%,” ICAP said in a statement.
