The Board of Directors of Askari Investment Management Limited (AIM), in a meeting held on Tuesday, October 07, approved following distribution for its mutual funds, says a press release. Askari Income Fund (AIF) announced a bonus (cash dividend on unit holders request) distribution of Rs 2.3712 per unit for the quarter ended September 30; this is an annualised 9.315 percent return on the opening NAV of July 01, 2008.
Ex-dividend NAV after dividend/bonus distribution is Rs 101.34. The board has decided to issue no distribution for the Askari Asset Allocation Fund. AIM is a leading asset management company dedicated to helping its customers build financial independence.
Operating principally through the Askari brand, a fully owned subsidiary of Askari Investment Management Limited (AIM) strives to deliver outstanding performance and customer service for both its income and asset allocation fund for individuals and institutions around the country.-PR
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