Al Meezan Investment Management Limited (Al Meezan) is pleased to announce fifth interim dividend payout for Meezan Cash Fund (MCF) - Rs. 0.58 per unit.
|
Fund
|
Dividend
(Rs.) per
unit
|
% of par
value of Rs.
50/-
|
Total Payout
For FY11
(Rs.per unit)
|
Total Payout
For FY11
(% of par value of
Rs.50/-)
|
|
Meezan Cash Fund (MCF)
|
0.58
|
1.16%
|
5.26
|
10.52%
|
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 June 28, 2011 will get 1.16 additional units at the ex-div. NAV of Rs. 50 while an Income Unit holder will get Cash Dividend of Rs. 0.58 per unit.
Al Meezan Investments is the largest asset management company in the private sector in Pakistan with total assets under management of over Rs.29 billion and AM2 rating by JCRVIS 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 300 institutional investors.