Sunday, July 18, 2010
KARACHI: The Board of Directors of Al Meezan Investment Management Ltd. (Al Meezan) declared stock dividends for its five open-end funds in recently held meeting. The funds were: Meezan Islamic Fund (MIF), Meezan Islamic Income Fund (MIIF), Meezan Cash Fund (MCF), Meezan Sovereign Fund (MSF) and Meezan Capital Protected Fund- I (MCPF-I) for the year ended June 30, 2010.
The total amount of the final dividends declared was Rs 1,127,106,988 (over Rs 1.12 billion). Including the interim payouts made during the year for these funds, the total dividends being distributed amount to over Rs 1.56 billion. MIF has declared a stock dividend of Rs 9.00 per unit for FY 2010 (i.e. 25.51 percent on the opening NAV of Rs. 35.28).
MIIF has declared a final stock dividend of Rs 1.25 per unit. This is in addition to interim dividends of Rs 1.885 per unit, making a total payout of Rs 3.135 per unit for FY 2010. MCF has declared a final stock dividend of Rs 1.69 per unit. staff report
The total amount of the final dividends declared was Rs 1,127,106,988 (over Rs 1.12 billion). Including the interim payouts made during the year for these funds, the total dividends being distributed amount to over Rs 1.56 billion. MIF has declared a stock dividend of Rs 9.00 per unit for FY 2010 (i.e. 25.51 percent on the opening NAV of Rs. 35.28).
MIIF has declared a final stock dividend of Rs 1.25 per unit. This is in addition to interim dividends of Rs 1.885 per unit, making a total payout of Rs 3.135 per unit for FY 2010. MCF has declared a final stock dividend of Rs 1.69 per unit. staff report
-www.dailytimes.com.pk
0 comments:
Post a Comment