The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, in its meeting held on 18th April 2008 announced interim bonus Units for 'A' and 'B' classes of Units and Cash dividend for 'C' class units for the year ending 30 June, 2008, says a press release.
The board has approved first interim distribution of Rs 6.80 per unit in the form of bonus units for 'A' and 'B' classes of units and cash dividend for class 'C' units for the year ending 30 June 2008.
The fund earned total income of Rs 514.39 million and net income of Rs 413.00 million. The Net Asset Value (NAV) per unit of HBL Income Fund increased from Rs 100.08 from the start of July 2007 to Rs 107.11 as on 31 March 2008. Unit holders, who have opted to encash the bonus units at the ex-dividend Net Asset Value (NAV) will receive cash payout based on ex-dividend NAV as on April 24, 2008.
Unit holders whose names are included in the register on 24th April 2008 will be entitled to cash dividend/bonus units. The books of HBL Income Fund will remain closed on 25th and 26th April 2008 and sales/redemption/transfer/conversion and pledge of units will resume from 28th April 2008.-PR
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