The Board of Directors of HBL Asset Management Limited, the management company of HBL Income Fund and HBL Money Market Fund, in its meeting held on October 28, 2010 announced first interim bonus Units for 'A' and 'B' Classes of Units and Cash dividend for 'C' Class Units for the year ending June 30, 2011.
HBL Income Fund: The Board has approved first interim dividend at Rs 2.25 per Unit in the form of Bonus Units for 'A' and 'B' Classes of Units and Cash dividend of Rs 2.25 per unit for Class 'C' Units for the year ending June 30, 2011.
HBL Money Market Fund The Board has approved first interim dividend at Rs 2.25 per Unit in the form of Bonus Units for 'A' and 'B' Classes of Units and Cash dividend of Rs 2.25 per unit for Class 'C' Units for the year ending June 30, 2011. The bonus Units will be issued based on the Ex-Dividend NAV as on October 31, 2010.
Unit holders, who have opted to en-cash the bonus Units at the Ex-Dividend Net Asset Value (NAV), will receive cash payout based on Ex-Dividend NAV as on October 31, 2010. Unit holders whose names are included in the register on October 29, 2010 will be entitled to Cash Dividend/Bonus Units. The books of HBL Income Fund and HBL Money Market Fund will remain closed on 1st and 2nd November 2010 and sales/redemption/transfer/conversion and pledge of Units will resume from November 3, 2010.-PR