The Board of Directors of MCB-Arif Habib Savings and Investments Limited (formerly: Arif Habib Investments Limited) (MCB-AH) has authorised the Chief Executive Officer (CEO) to consider and approve on their behalf the interim distribution out of profit earned by MCB Cash Management Optimiser (MCB-CMOP), Pakistan Cash Management Fund (PCF) and Pakistan Income Enhancement Fund (PIEF).
In this regard, the CEO of MCBAH, on behalf of the Board of Directors, had approved the following interim distribution: For MCB Cash Management Optimiser, a bonus distribution of Re. 0.5240 per unit has been approved. An investor holding 100 units as of July 26, 2013 will get 0.5240 units on the ex-bonus price of Rs 100 per unit, the proportionate will apply to actual holdings. This entitlement was paid to only those unit holders whose names appeared in the register of unit holders at the close of July 26, 2013.
For Pakistan Cash Management Fund, a bonus distribution of Re. 0.2743 per unit has been approved. An investor holding 100 units as of July 25, 2013 will get 0.5486 units on the ex-bonus price of Rs 50 per unit, the proportionate will apply to actual holdings. This entitlement was paid to only those unit holders whose names appeared in the register of unit holders at the close of July 25, 2013.
For Pakistan Income Enhancement Fund, a bonus distribution of Re 0.2900 per unit has been approved. An investor holding 100 units as of July 25, 2013 will get 0.5697 units on the ex-bonus price of Rs 50.90 per unit, the proportionate will apply to actual holdings. This entitlement was paid to only those unit holders whose names appeared in the register of unit holders at the close of July 25, 2013.
Unit holders who opted for cash dividends will receive cash dividend accordingly as per their operating instructions. MCB-AH is assigned one of the highest Asset Manager Rating of 'AM2' by PACRA. Currently, MCB-AH manages approximately Rs 40 billion as of June 30th, 2013 in 14 Open-end Schemes, 2 Voluntary Pension Schemes, Investment Plans and Discretionary Portfolios.-PR
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