Cash dividend, bonus for unit holders of NIT
Rs4.1 per unit payout for the premier NI(U)T fund.
KARACHI:
National Investment Trust, the largest asset management company of Pakistan, has declared an interim cash dividend of Rs4.10 per unit for unit holders of its premier fund NI(U)T for 2013-14, which is higher than the preceding year’s dividend of Rs3.75 per unit.
This dividend distribution, along with appreciation in the unit price, translates into an annualised return of 56.26% up to June 27.
The board of directors has also declared an interim dividend of Rs120 per unit in the form of bonus for 2013-14 for NIT-State Enterprise Fund. The bonus, along with appreciation in the unit price, shows an annualised return of 24.78% up to June 27.
For NIT-Equity Market Opportunity Fund, the board has announced an interim dividend of Rs20 per unit in the form of bonus for 2013-14. This reflects an annualised return of 30.79% up to June 27.
An interim distribution of Rs0.75 per unit for NIT Government Bond Fund for 2013-14, announced by the board, translates into an annualised return of 7.63% up to June 27. With regard to NIT Income Fund, the board has declared an interim distribution of Rs0.72 per unit for 2013-14. Those unit holders who opted for cash dividend will get the dividend in the form of cash and those who opted for bonus will get bonus units.
The payout in the form of dividend/ bonus, along with appreciation in the unit price, offers an annualised return of 7.05% up to June 27.
Published in The Express Tribune, July 1st, 2014.
National Investment Trust, the largest asset management company of Pakistan, has declared an interim cash dividend of Rs4.10 per unit for unit holders of its premier fund NI(U)T for 2013-14, which is higher than the preceding year’s dividend of Rs3.75 per unit.
This dividend distribution, along with appreciation in the unit price, translates into an annualised return of 56.26% up to June 27.
The board of directors has also declared an interim dividend of Rs120 per unit in the form of bonus for 2013-14 for NIT-State Enterprise Fund. The bonus, along with appreciation in the unit price, shows an annualised return of 24.78% up to June 27.
For NIT-Equity Market Opportunity Fund, the board has announced an interim dividend of Rs20 per unit in the form of bonus for 2013-14. This reflects an annualised return of 30.79% up to June 27.
An interim distribution of Rs0.75 per unit for NIT Government Bond Fund for 2013-14, announced by the board, translates into an annualised return of 7.63% up to June 27. With regard to NIT Income Fund, the board has declared an interim distribution of Rs0.72 per unit for 2013-14. Those unit holders who opted for cash dividend will get the dividend in the form of cash and those who opted for bonus will get bonus units.
The payout in the form of dividend/ bonus, along with appreciation in the unit price, offers an annualised return of 7.05% up to June 27.
Published in The Express Tribune, July 1st, 2014.