The National Bank of Abu Dhabi’s (NBAD) Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.4 per  cent of the net asset value (NAV) unit of 5.3615.

The Fund has earned a total income of $4,556,399.97 from September 26, 2013 (Last ex-dividend date) until March 27 this year.

Investors who have successfully subscribed into the fund by March 26 this year will be eligible for dividends, stated the Abu Dhabi bank in its statement.

The dividend pay-out method will be based on the pay-out preference each investor in the fund had selected at the time of subscription.

Accordingly, dividend reinvestment will be based on the unit NAV of April 3, 2014; while dividend pay-out in the form of cash will be paid out within 12 business days from the ex-dividend date.

Ali Soner Guney, the fixed income fund manager at NBAD Asset Management Group, said: "Confirming our expectations, 2014 started with a positive tone for bond markets. Globally, Mena stands out with its unique value proposition for its unrivalled credit quality coupled with abundant liquidity and the Fund proves to be the pioneer investment vehicle to tap into this opportunity."

NBAD’s award-winning asset management group controls assets in excess of Dh7.9 billion, making it one of the largest of its kind in the UAE.-TradeArabia News Service