The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, (the fund), in its meeting held on July 7, 2009 announced final distribution for the year ended June 30, 2009. The board has approved Final Dividend at Rs 2.50 per Unit in the form of Bonus Units for 'A' and 'B' Classes of Units and Cash Dividend of Rs 2.50 per units for Class 'C' Unit for the year ended June 30, 2009.
The bonus Units will be issued based on the Ex-Dividend NAV as on June 30, 2009. Unit holders who have opted to en-cash the bonus Units at the Ex-Dividend Net Asset Value (NAV) will receive cash payout based on Ex-Dividend NAV as on June 30, 2009. Unit holders whose names are included in the register on June 30, 2009 will be entitled to Cash Dividend/Bonus Units. This payout is in addition to three interim dividends paid earlier in the year, of Rs 7.75 per Unit, thereby, bringing the total dividend payout to Rs 10.25 per Unit.-PR
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