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The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Cash Fund (JS CF), approved interim dividends for JS IF and JS CF for the half year of FY 2011, ended December 31, 2010.
According to a press release issued here on Friday, a payout of Rs 2.00 per unit was approved for the unit holders of JS IF, which takes the total payout for the current fiscal year to Rs 4.00 per unit, while an interim payout of Rs 2.00 per unit was approved for the unit holders of JS CF, which takes the total payout for the current fiscal year to Rs 4.00 per unit.
The unit holders who have opted for cash payout will receive cash payment while unit holders who have opted for bonus units were allocated units at the ex-net asset value at the close of business on December 27, 2010. The above entitlement will be paid to the Unit Holders, whose names appeared in the register of unit holders at the close of business on December 27, 2010.
On the occasion, Rashid Mansur the CEO of JSIL said: "We are extremely pleased by these half yearly results and hope to continue this outstanding performance throughout the current financial year. I want to thank our valued investors, who have shown immense faith in us, and want to take this opportunity to assure them that we will continue to work for value creation for our esteemed unit holders."-PR

Copyright Business Recorder, 2011

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