Bangladesh General Insurance Company PLC, the trustee of Vanguard AML BD Finance Mutual Fund One, has announced that the fund is undergoing a formal winding-up process and asked all concerned unitholders to submit their claims by April 30.

According to a disclosure issued by the Dhaka Stock Exchange (DSE) on Thursday, investors have been requested to file claims for dividends, refunds or any other dues with full details within the stipulated deadline.

The trustee said claims must be submitted to its Trustee & Investment Department at its office in Dilkusha Commercial Area. Any claim received after April 30 will not be accepted.

Mutual winding up, often referred to as a Members' Voluntary Liquidation (MVL) or a voluntary arrangement, is a process where the members and shareholders of a solvent company mutually agree to cease operations, sell assets, pay off creditors, and distribute remaining funds.

Unlike compulsory liquidation, this is a voluntary, non-court-ordered process initiated because the company is solvent and has fulfilled its purpose or the members wish to stop operations.

In a separate notice, the trustee also requested margin account unitholders and margin loan providers, including merchant banks and stockbrokers to provide detailed information of affected investors.

The required information includes unitholders’ names, BO ID, shareholding position, applicable tax rate, dividend amount, and bank details such as account number and routing number, along with their respective claims.

The trustee reiterated that submissions must be completed within the deadline, warning that late notifications will not be considered as the fund proceeds with its liquidation process.