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The board of directors of JS Investments Limited (JSIL), the management company of JS Income Fund (JSIF) and JS Aggressive Income Fund (JSAIF), in a meeting held here on Monday approved interim dividend for JSIF and JSAIF for the first quarter of 2009 financial year, ending on September 30, 2008.
An exceptional interim payout of Rs 3.05 per unit of par value of Rs 100 (3.05 percent) for JSIF was announced at the board meeting. In addition to this, for the unit holders of JSAIF an interim payout of Rs 2.75 per unit of par value of Rs 100 (2.75 percent) was announced by the board.
Unit-holders, who have opted for cash payout, will receive cash payment, while the unit-holders, who have opted for bonus units, will be allocated accordingly on the ex-bonus price as of September 30, 2008. This entitlement will be paid to those unit-holders, whose names appear in the register of the unit-holders at the close of business on September 30, 2008.
"We are proud of the fact that income funds, being managed by JSIL, are amongst the best performing income funds of the industry with JS Income Fund at the top of the league table", said Chief Executive Officer (CEO) of JSIL Najam Ali.
"We are extremely encouraged by these results, which have been achieved despite turbulent economic and market conditions, and hope to continue the exceptional performance throughout the current fiscal year", he added. JSIF is the one of the oldest income funds in Pakistan and has the highest 5 star rating (normal and long term) awarded by Pakistan Credit Rating Agency. -PR

Copyright Business Recorder, 2008

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