Interim: Al Meezan announces dividends
Dividends announced for Al Meezan's Sovereign Fund, Cash Fund and Islamic Income Fund.
KARACHI:
Al Meezan Investment Management Limited (Al Meezan) has announced second interim dividends for its three fixed income funds - Meezan Sovereign Fund (MSF) - Rs0.65 per unit, Meezan Cash Fund (MCF) - Rs1.25 per unit and Meezan Islamic Income Fund (MIIF) - Rs1 per unit.
The payouts are in the form of bonus units for growth unit holders and cash dividend for income unit holders. A growth unit holder having 100 units of MSF as on December 30, 2010 will get 1.2813 additional units at ex-dividend net asset value (NAV) of Rs50.73 while an income unit holder will get cash dividend of Rs0.65 per unit.
A growth unit holder having 100 units of MCF as on December 30, 2010 will get 2.498 additional units at ex-dividend NAV of Rs50.04 while an income unit holder will get cash dividend of Rs1.25 per unit.
A growth unit holder having 100 units of MIIF as on December 30, 2010 will get 1.9861 additional units at ex-dividend NAV of Rs50.35 while an income unit holder will get cash dividend of Rs1 per unit.
Published in The Express Tribune, January 4th, 2011.
Al Meezan Investment Management Limited (Al Meezan) has announced second interim dividends for its three fixed income funds - Meezan Sovereign Fund (MSF) - Rs0.65 per unit, Meezan Cash Fund (MCF) - Rs1.25 per unit and Meezan Islamic Income Fund (MIIF) - Rs1 per unit.
The payouts are in the form of bonus units for growth unit holders and cash dividend for income unit holders. A growth unit holder having 100 units of MSF as on December 30, 2010 will get 1.2813 additional units at ex-dividend net asset value (NAV) of Rs50.73 while an income unit holder will get cash dividend of Rs0.65 per unit.
A growth unit holder having 100 units of MCF as on December 30, 2010 will get 2.498 additional units at ex-dividend NAV of Rs50.04 while an income unit holder will get cash dividend of Rs1.25 per unit.
A growth unit holder having 100 units of MIIF as on December 30, 2010 will get 1.9861 additional units at ex-dividend NAV of Rs50.35 while an income unit holder will get cash dividend of Rs1 per unit.
Published in The Express Tribune, January 4th, 2011.