KARACHI: Al Meezan Investment Management Limited (Al Meezan) is pleased to announce another interim dividend payout for Meezan Sovereign Fund (MSF) @ Rs. 1.30 per unit and Meezan Cash Fund (MCF) @ Rs. 0.40 per unit. The details of the dividend are as following:
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Fund
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Dividend (Rs.) per unit
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% of par value of Rs. 50/-
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Total return % for FY12
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Meezan Cash Fund (MCF)
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0.40
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0.80%
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11.50%
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Meezan Sovereign Fund (MSF)
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1.30
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2.60%
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12.13%
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The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MCF as at December 21, 2011 will get 0.7998 additional units at the ex-div. NAV of Rs. 50.01 while an Income Unit holder will get Cash Dividend of Rs. 0.40 per unit. A Growth Unit holder having 100 units of MSF as at December 21, 2011 will get 2.5910 additional units at the ex-div. NAV of Rs. 50.17 while an Income Unit holder will get Cash Dividend of Rs. 1.30 per unit.
Al Meezan is one of the leading asset management companies in the private sector in Pakistan with total assets under management of over Rs.33.8 billion and AM2 rating by JCR-VIS denoting High Quality Management. Al Meezan offers a complete range of investment solutions to meet the varying investment needs of its investors which exceed 18,000 clients including over 350 institutional investors.
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