Firms declare dividends for income funds
KARACHI:
The Board of Directors of Arif Habib Investments Limited, IGI Funds Limited, Pak Oman Asset Management Company Limited and First Habib Income Fund have approved the final distribution of dividends and bonuses for their unit holders, for the year ended 30th June, 2010.
Arif Habib Investments Limited
Arif Habib Investments Limited, Management Company of Pakistan Income Fund approved a bonus of Rs1.10 per unit (2.17 per cent on opening Ex-NAV for 30th June 2009) for 2010.
An investor holding 100 units as of 30th June 2010 will get 2.1518 units on ex-bonus price of Rs51.12 per unit, proportionate will apply to actual holdings. This distribution is in addition to interim distributions of Rs 5.27 per unit, the company said in a communication to the Karachi Stock Exchange on Tuesday.
IGI Funds Limited
Amongst the four IGI Funds Limited funds, IGI Income Fund board declared a final payout in the form of bonus units to growth unit holders and cash dividends to income unit holders. Each growth unit holder will be entitled to receive 5.7434 bonus units for every 100 units held and each income unit holder will be entitled to Rs5.8 for each unit of IGI Income Fund.
Pak Oman Asset Management Company Limited
Pak Oman Asset Management Company Limited- Mana-gement Company of Pak Oman Advantage Islamic Income Fund announced an open end scheme approved dividend of Rs2.80 per unit, of par value Rs50.
Unit holders who have opted for growth units will get 5.5848 units for every 100 units on ex-dividend NAV of Rs50.18, proportionate shall apply to actual holding. Unit holders who have opted for income units shall receive cash payment.
The board approved dividend of Rs1.13 per unit, of par value Rs50. Unit holders who have opted for growth units will get 2.1815 units for every 100 units on ex-dividend NAV of Rs51.6, proportionate shall apply to actual holding.
First Habib Income Fund
First Habib Income Fund declared the final dividend of Rs2.5 per unit for the unit holders having ‘C’ class units. The board also approved 2.4993 bonus units for every 100 units for other unit holders. The fund has earned a net income of Rs179.75 million during the fiscal year 2010. A total dividend of Rs10.25 per unit has already been distributed during fiscal year 2010.
Unit holders who have opted for cash payout will receive cash dividend accordingly, all the firms said. The above entitlement will be paid to the unit holders whose names appeared in the register of unit holders on 30th June 2010, they further informed.
Published in The Express Tribune, July 7th, 2010.
The Board of Directors of Arif Habib Investments Limited, IGI Funds Limited, Pak Oman Asset Management Company Limited and First Habib Income Fund have approved the final distribution of dividends and bonuses for their unit holders, for the year ended 30th June, 2010.
Arif Habib Investments Limited
Arif Habib Investments Limited, Management Company of Pakistan Income Fund approved a bonus of Rs1.10 per unit (2.17 per cent on opening Ex-NAV for 30th June 2009) for 2010.
An investor holding 100 units as of 30th June 2010 will get 2.1518 units on ex-bonus price of Rs51.12 per unit, proportionate will apply to actual holdings. This distribution is in addition to interim distributions of Rs 5.27 per unit, the company said in a communication to the Karachi Stock Exchange on Tuesday.
IGI Funds Limited
Amongst the four IGI Funds Limited funds, IGI Income Fund board declared a final payout in the form of bonus units to growth unit holders and cash dividends to income unit holders. Each growth unit holder will be entitled to receive 5.7434 bonus units for every 100 units held and each income unit holder will be entitled to Rs5.8 for each unit of IGI Income Fund.
Pak Oman Asset Management Company Limited
Pak Oman Asset Management Company Limited- Mana-gement Company of Pak Oman Advantage Islamic Income Fund announced an open end scheme approved dividend of Rs2.80 per unit, of par value Rs50.
Unit holders who have opted for growth units will get 5.5848 units for every 100 units on ex-dividend NAV of Rs50.18, proportionate shall apply to actual holding. Unit holders who have opted for income units shall receive cash payment.
The board approved dividend of Rs1.13 per unit, of par value Rs50. Unit holders who have opted for growth units will get 2.1815 units for every 100 units on ex-dividend NAV of Rs51.6, proportionate shall apply to actual holding.
First Habib Income Fund
First Habib Income Fund declared the final dividend of Rs2.5 per unit for the unit holders having ‘C’ class units. The board also approved 2.4993 bonus units for every 100 units for other unit holders. The fund has earned a net income of Rs179.75 million during the fiscal year 2010. A total dividend of Rs10.25 per unit has already been distributed during fiscal year 2010.
Unit holders who have opted for cash payout will receive cash dividend accordingly, all the firms said. The above entitlement will be paid to the unit holders whose names appeared in the register of unit holders on 30th June 2010, they further informed.
Published in The Express Tribune, July 7th, 2010.