The Board of Directors of United Bank Limited (UBL) Fund Managers announced the interim payout for the period ended on February 9, for its income funds; United Money Market Fund (UMF) and United Growth and Income Fund (UGIF) following the meeting on February 11.
UBL Fund Managers is a wholly owned subsidiary of UBL and is currently the largest Asset Management Company in Pakistan managing open-end funds in the private sector. The following interim payout has been approved by the Board of Directors of UBL Fund Managers: UMF - Rs 1.1208 per unit of par value of Rs 100, and for UGIF - Rs 1.7935 per unit of par value of Rs 100.
Unit holders who have opted for cash payout will receive cash dividend after deduction of applicable taxes, while unit holders who have opted for bonus payout will be allocated bonus units as follows: UMF 1.12 percent (1.1656 units for every 100 units) and UGIF 1.79 percent (1.88 13 units for every 100 units).
The above entitlement will be paid to the unit holders whose names appeared in the register of Unit Holders at the close of February 9. UBL Fund Managers is currently managing six mutual funds and eight investment plans with total assets under management exceeding Rs 19 billion (as of December 30, 2008).-PR
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