Payouts: Dawood Capital declares dividends
The returns are 28.31% with a payout of bonus dividend to unit holders of Rs11.10 per unit.
KARACHI:
Dawood Capital Management has announced dividends for the year ended June 30, 2011. In its flagship fund, Dawood Income Fund (formerly Dawood Money Market Fund), the returns are 28.31% with a payout of bonus dividend to unit holders of Rs11.10 per unit on Net Asset Value of June 30, 2011 of Rs83.97. As an open-end fund, it can be encashed at any time, with a three to six-day notice. In the Islamic asset allocation fund, Dawood Islamic Fund, the returns are 13.45% with a dividend payout to unit holders of Rs10.5 per unit on Net Asset Value of June 30, 2011 of Rs83.97. Dawood Capital Management decided to split this dividend into 50% bonus with 5.16 bonus units per 100 units held and 50% cash of Rs5.25 per unit.
Published in The Express Tribune, August 3rd, 2011.
Dawood Capital Management has announced dividends for the year ended June 30, 2011. In its flagship fund, Dawood Income Fund (formerly Dawood Money Market Fund), the returns are 28.31% with a payout of bonus dividend to unit holders of Rs11.10 per unit on Net Asset Value of June 30, 2011 of Rs83.97. As an open-end fund, it can be encashed at any time, with a three to six-day notice. In the Islamic asset allocation fund, Dawood Islamic Fund, the returns are 13.45% with a dividend payout to unit holders of Rs10.5 per unit on Net Asset Value of June 30, 2011 of Rs83.97. Dawood Capital Management decided to split this dividend into 50% bonus with 5.16 bonus units per 100 units held and 50% cash of Rs5.25 per unit.
Published in The Express Tribune, August 3rd, 2011.