KASB Funds Limited, the Management Company of KASB Liquid Fund (KLF) and KASB Islamic Income Fund (KIIF) is pleased to announce an interim dividend distribution of PKR 3.00 per unit (Par PKR 100) for KLF and PKR 3.00 per unit (Par PKR 100) for KIIF.
This is the first interim dividend for the Fiscal Year 2009 paid for KLF and KIIF covering the period July 1, 2008 to October 21, 2008 (interim period). The dividend distributed translates into 85 percent of distributable income for KLF for the period and 87 percent for KIIF for the same period. The Board of Directors of the Management Company approved the interim dividend distribution in their meeting held on October 22, 2008.
"Even in these challenging times we have managed to generate high returns for KLF and KIIF and are pleased to announce one of the highest dividend distributions in the industry" said Naz Khan, Chief Executive, KASB Funds. During the interim period, KLF yielded a return of 12.07 percent per annum while KIIF yielded an annualised return of 12.29 percent for the same period. KASB Liquid Fund is also rated S star by PACRA. Apart from KLF and KIIF, KASB Funds is also managing KASB Balanced Fund and KASB Stock Market Fund with total assets under management of over PKR 10 billion as at September 30, 2008.-PR
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