Alfalah GHP Investment Management Limited has announced a Stock Dividend (Bonus Units) for open end funds under its management for financial year 2007, says a press release.
THE STOCK DIVIDEND ARE AS FOLLOWS: Alfalah GHP Income Multiplier fund - Bonus distribution of Rs 2.3750 per unit (4.75 percent on the face value of Rs 50 per unit) means that an investor holding 100 units as of December 31, 2007 will get 9.9572 units. The fund was launched on 15th June 2007.
Alfalah GHP Islamic Fund - Bonus Distribution of Rs 0.50 unit (1 percent of the face value of Rs 50 per unit) means that an investor holding 100 units as of December 31, 2007 will get 0.9465 per unit. The fund was launched on 3rd September 2007.
Alfalah GHP Value Fund - The final stock/cash dividend for the year ended December 31, 2007 is Rs nil. The fund has already paid an interim Cash Dividend of Rs 5.00 per unit (9.5785 percent of ex-NAV of Rs 52.20 at the beginning of period) in the 3rd quarter ending 30 September 2007 and an interim Stock Dividend of Rs 5.22 per unit (10 percent of ex-NAV of Rs 52.20 at the beginning of the period) in half year ended 30 June 2007. Alfalah GHP Value Fund has been assigned "5-Star Rating" by Pacra (category: Asset Allocation), which reflects superior performance of the fund in the category.
Alfalah GHP Investment Management Limited (AGIM), the management company of the above funds has been rated as "AM3" by Pakistan Credit Rating Agency (PACRA). The rating reflects the company's strong capacity to manage the risks inherent in asset management and the asset manager meets high investment management industry standards and benchmarks.-PR