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Tuesday, January 24, 2012
Al Meezan announces sixth Interim Dividend for MCF for FY 2011-2012

Al Meezan Investment Management Limited (Al Meezan) is pleased to announce sixth interim dividend payout for Meezan Cash Fund (MCF) @ Rs. 0.43 per unit. The details of the dividend are as following:

 

Fund
Period
Dividend
(Rs.) per
unit
% of par
value of
Rs. 50/-
Total return %
for FY12
 
Meezan Cash Fund (MCF)
 
Dec 22,2011-Jan, 22, 2012
 
0.43
 
0.86%
 
11.41%

 

 

 

 

 

The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MCF as at December 22, 2011 will get 0.86 additional units at the ex-div. NAV of Rs. 50.04 while an Income Unit holder will get Cash Dividend of Rs. 0.43 per unit.

Al Meezan is one of the leading asset management companies in the private sector in Pakistan with total assets under management of over Rs.36 billion and AM2 rating by JCR-VIS denoting High Quality Management. Al Meezan offers a complete range of investment solutions to meet the varying investment needs of its investors which exceed 18,000 clients including over 350 institutional investors.

 
 

Disclaimer:
All investments in Mutual Funds are subject to market risks. The NAV of units may go up or down based on the market conditions. Past performance is not necessarily indicative of future results. Please read the Offering Documents of the funds to understand the investment policies and the risks involved.

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