Arif Habib Investments Limited (AHI) [formerly: Arif Habib Investment Management Ltd] declared interim monthly dividends for two of its open-end funds, namely Pakistan Income Enhancement Fund (PIEF) and Pakistan Cash Management Fund (PCF), for the month of August, 2009.
Incidentally, these two funds are the only funds distributing monthly dividend payouts in the whole mutual funds industry. Pakistan Income Enhancement Fund had declared a dividend of Re.0.53 per unit to all unit-holders, whose name appeared in the register of unit holders on 25th August, 2009.
An investor holding 100 Type 'A' units got 1.05 bonus units on the basis of ex-dividend NAV of Rs 50.71 (as of 25th August, 2009), while Type 'B' investors got cash dividends. The current payout translates to a dividend distribution of 1.06% of the face value, and a cumulative annualised distribution of 15.38% in FY'10.-PR