The Board of Directors of KASB Funds Limited, the Management: Company of KASB Cash Fund ("KCF") in their meeting held on October 2 (Saturday) at 11:00 am at the Board Room, 5th Floor, Trade Centre, I.I. Chundrigar Road, Karachi, approved the following in relation to KASB Cash Fund.
Interim Dividend First Interim Dividend for the Unit Holders of KASB Cash Fund Rs 2.50 per unit (2.50 percent of the par value of Rs 100 per unit) for the period ended September 30, 2010. The above interim dividend will be paid to the Unit Holders of KCF in the form of cash and/or bonus units, in accordance with the mode of receipt of dividend opted by the respective Unit Holders of KCF.
Therefore, the Unit Holders who had opted for cash dividend, will he paid cash equivalent to Rs 2.50 for every 1 (one) unit held by those Unit Holders, whereas the Unit folders who had opted for bonus dividend will get bonus units equivalent to 2.4940 (rounded off) units (calculated on the ca-dividend NAV of September 30, 2010) for every 100 units held by such Unit Holders, based on the actual holding of such Unit Holders as on September 30, 2010. The Unit Holders whose names appeared in the register of Unit Holders of KCF at the close of business on September 30, 20l0 are entitled to the above interim dividend.-PR