The board of directors of Pakistan Strategic Allocation Fund (PSAF) in their meeting on July 22, 2006 announced results for FY 2005-06 and approved a final cash dividend at Rs 2.50 per certificate ie 25 percent of face value.
The PSAF has earned a total income of Rs 1,026 million (including unrealised diminution in the value of investments classified as held for trading) during the period. Realised capital gains was Rs l,161 million, dividend income was Rs 83.39 million, and income from CFS Rs 41.67 million. PSAF's EPS was Rs 2.85 with a total return of 23.33 percent for FY 2006.
The certificate transfer books of the fund will be closed from August 30, 2006 to 05 September 2006 (both days inclusive). Transfers received at the registrar office (Gangjees Registrar) at the close of business hours on August 29, 2006 will be treated in time for the purpose of entitlement to the transferees.
PSAF is a closed-end scheme, managed by the country's leading Fund Manager, Arif Habib Investments. The fund seeks to achieve long-term capital appreciation and current income. It is an equity fund with investment allocation between growth and value segment. Its investment strategy is run entirely on fundamentals.-PR