Chief Executive UBL, under the authority of the board of directors of the bank's Fund Managers Limited, has announced an interim pay-out for the period ended December 22, 2011 from UBL Liquidity Plus Fund & UBL Government Securities Fund. The following interim pay-out have been announced: UBL Liquidity Plus Fund Rs 2.71 per unit of par value of Rs 100.
Unit-holders holding 100 units as at December 22, 2011 will get 2.7017 units on the ex-dividend price of Rs 100.3057 per unit. Unit-holders who have opted for cash pay-out will receive cash dividend, net of applicable taxes. ULPF is a money market fund that offers an ideal short-term avenue for placement of cash. The fund yielded a return of 11.35 percent p.a. since its inception.
A pay-out of Rs 3.27 per unit of par value of Rs 100 was announced for UBL Government Securities Fund. Unit holders holding 100 units as at December 22, 2011 will get 3.2617 units on the ex-dividend price of Rs 100.2536 per unit. Unit-holders who have opted for cash pay-out will receive cash dividend, net of applicable taxes. UGSF is an income fund which provides short to medium-term growth in savings. The fund yielded a year to date return of 14.53 percent p.a.-PR
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