Al Meezan Investment Management Limited (Al Meezan) is pleased to announce first interim dividend payout for Meezan Cash Fund (MCF) - Rs. 0.85 per unit for the Fiscal year 2011-2012.
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Fund
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Dividend (Rs.) per unit
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% of par value of Rs. 50/-
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Meezan Cash Fund (MCF)
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0.85
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1.70%
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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 August 23, 2011 will get 1.6996 additional units at the ex-div. NAV of Rs. 50.01 while an Income Unit holder will get Cash Dividend of Rs. 0.85 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.30 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.