The Board of Directors of UBL Fund Managers announced the interim dividends for the period ended March 31, 2008 for its Income Funds; United Money Market Fund (UMF), United Growth and Income Fund (UGIF) and United Islamic Income Fund (UIIF) following the board meeting on April 3, 2008.
The following dividend payout has been approved by the Board: United Money Market Fund (UMF) - Rs 6.1083 per unit of par value of Rs 100/- United Growth & Income Fund (UGIF) Rs 6.1988 per unit of par value of Rs 100/- United Islamic Income Fund (UIIF) Rs 3.44 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: United Money Market Fund (UMF) - 6.05 percent (6.0511 units for every 100 units) - United Growth & Income Fund (UGIF) - 6.14 percent (6.1421 units for every 100 units) - United Islamic Income Fund (UHF) - 3.42 percent (3.42 units for every 100 units). The above entitlement will he paid to unit holders whose names appeared in the register of unit holders at the close of March 31, 2008.-PR