Al Meezan announces Interim Dividend for MCF, MSF and MIIF for FY 2013-2014
Al Meezan Investment Management Limited (Al Meezan) is pleased to announce another interim dividend payout for Meezan Cash Fund (MCF) © Rs. 0.30, Meezan Sovereign Fund (MSF) © Rs. 0.84 per unit and Meezan Islamic Income Fund (MIIF) © Rs. 2.00 for FY 2013-2014. The details of the dividend are as following:
| Fund | Dividend (Rs.) per unit | % of par value of Rs. 50/- | Total return % for FY14 |
|---|---|---|---|
| Meezan Cash Fund (MCF) | 0.30 | 0.60% | 7.19% |
| Meezan Sovereign Fund (MSF) | 0.84 | 1.68% | 8.20% |
| Meezan Islamic Income Fund (MIIF) | 2.00 | 4.00% | 9.74% |
The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders.
By the grace of Almighty Allah and the valuable support and patronage of our investors, Al Meezan is among the leading asset management companies with total assets under management of over Rs. 50 billion and AM2 rating by JCR-VIS denoting High Quality Management. It is also the first Asset Management Company in Pakistan to voluntarily adopt and implement the “Asset Manager Code of Professional Conduct” from CFA Institute
Al Meezan is the largest manager for Shariah complaint fund in Pakistan and offers diverse products to meet the varying investment needs of its investors which exceed 23,000 clients including over 400 institutional investors. We promise to continue in our endeavor to provide best possible Sharia’h compliant investment solutions and world class services.