Press Release Details

CMSF celebrated the World Investor Week – 2022 by settling the Stock Claim of Investors for the first time

12 December 2022

Capital Market Stabilization Fund (CMSF) celebrated this year's World Investor Week in a different way. The Organization has started settling the claims of undistributed Stock Dividend and has settled the claims of undistributed Stock Dividend of 12 Investors on the last day of World Investor Week – 2022. The settled number of stocks is 13,090 (Thirteen Thousand and Ninety). CMSF is also working to support the capital market through increase of customer awareness and emphasis the role of sustainable finance and fraud prevention for protecting the interest of the inventors which is the moto of this year World Investor Week. Earlier on 15th March 2022 on the occasion of birthday celebration of the Father of the Nation Bangabandhu Sheikh Mujibur Rahman and Golden Jubilee of our Independence, CMSF has inaugurated the Cash Claim Settlement procedures in the presence of Honorable Chairman of CMSF Mr. Md. Nojibur Rahman, Former Principal Secretary to Honorable Prime Minister and Esteemed Chairman of Bangladesh Securities and Exchange Commission (BSEC) Professor Shibli Rubayat-Ul-Islam and other Government Officials.

The CMSF has started its operation in full swing and received stock claims of nearly 223,000 (Two Lac Twenty-Three Thousand) number of shares for 188 (One Hundred and Eighty-Eight) Claimants from 23 (Twenty-Three) Issuer Companies. Investors’ Claim Settlement is one of the prime responsibilities of the Fund. As a part of this responsibility, CMSF is determined to serve the general investors by settling their claims of unclaimed dividend promptly in favor of the Issuer Companies. In this regard, Issuer companies and other relevant parties are also playing important roles by coordinating with CMSF. The Capital Market Stabilization Fund has been established by the Bangladesh Securities and Exchange Commission (BSEC) under the BSEC (Capital Market Stabilization Fund) Rules, 2021. As per the Rule, CMSF acts as a custodian of cash and stocks in favor of the investors as received by transferring unclaimed and undistributed cash or stock dividend, non-refunded public subscription money, and unallotted rights shares from the issuer of listed securities. Cash or stock deposited in the fund will be paid or settled on due claims by the shareholders or investors at any time.

Download