National Investment Trust Limited (NITL), the largest Asset Management Company of Pakistan has declared interim distribution for all funds under its management for the year ending June 30, 2014. The announcements were made through a press release issued by NITL on Monday after its Board of Directors approved the interim distribution for all Funds under its management. It was stated that NIT is presently managing five Funds with assets under management of around Rs 85 billion.
NI(U)T FUND The Board has declared an interim cash dividend of Rs 4.10 per unit for unit holders of NI(U)T for the year ending on June 30, 2014 as compared to Rs 3.75 per unit for the year ended on 30th June 2013. This dividend distribution along with appreciation in unit price offered an annualized return of 56.26 percent up to June 27, 2014.
NIT-STATE ENTERPRISE FUND (NIT-SEF) The Board has declared an interim dividend of Rs 120 per unit in the form of bonus for the year ending June 30, 2014. This bonus along with price appreciation in unit price offered an annualized return of 24.78 percent up to June 27, 2014.
NIT - EQUITY MARKET OPPORTUNITY FUND (NIT-EMOF)The Board has declared an interim dividend of Rs 20 per unit in the form of bonus for the year ending June 30, 2014. This bonus along with the price appreciation in unit price offered an annualized return of 30.79 percent up to June 27, 2014.
NIT GOVERNMENT BOND FUND (NIT-GBF)The Board has declared an interim distribution of Rs 0.75 per unit for the year ending on 30th June 2014. Those unit holders who opted for cash dividend will get dividend in the form of cash and those who opted for bonus will get bonus units. The payout in the form of dividend/ bonus along with price appreciation in unit price offered an annualized return of 7.63 percent up to June 27, 2014.
NIT INCOME FUND (NIT-IF)The Board has declared an interim distribution of Rs 0.72 per unit for the year ending on 30th June 2014. Those unit holders who opted for cash dividend will get dividend in the form of cash and those who opted for bonus will get bonus units. The payout in the form of dividend/ bonus along with price appreciation in unit price offered an annualized return of 7.05% up to June 27, 2014.-PR
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