Arif Habib Investments Limited (AHIL), a subsidiary of Muslim Commercial Bank Ltd (MCB), has declared interim distribution for all unit holders of three of its Open end Mutual Funds namely Pakistan Cash Management Fund (PCF), MCB Cash Management Optimiser (MCB CMOP) and Pakistan Income Enhancement Fund (PIEF).
Interim monthly dividend of Re. 0.4328 per unit has been announced for unit holders of Pakistan Cash Management Fund who had opted for cash dividends, while for unit holders opting for bonus units, for each 100 units as of May 25, 2012 will get 0.8623 units on the ex-bonus price of P.s. 50.1920 per unit, the proportionate will apply to actual holdings.
The Year to Date annualised return of PCF is 11.5 per cent where as the Year to Date annualised dividend yield is 10.45 per cent. Interim distribution of Rs 1.7021 per unit has been announced for unit holders of MCB Cash Management Optimiser Fund, who were invested in the fund at the close of business hours as of May 28 on the basis of Net Assets value of the fund applicable for May 28.
The unit holders of cash dividend (CD) units will be entitled for cash dividends and the unit holders having Growth & Income Units will get 1.7021 units on ex-bonus price of Rs 100 per unit, the proportionate will apply to actual holdings. The Year to Date annualised return of MCD CMOP is 1 1.4 per cent where as the Year to Date annualised dividend yield is 11.23 per cent.
Interim monthly dividend of Re. 0.3510 per unit has been announced for unit holders of Pakistan Income Enhancement Fund who had opted for cash dividends, while for unit holders opting for bonus units, for each 100 units as of May 25 will get 0.6744 units on the ex-bonus price of Rs 52.05 per unit, the proportionate will apply to actual holdings. The Year to Date annualised return of PIEF is 9.4 per cent where as the Year to Date annualised dividend yield is 8.96 per cent.
Arif Habib Investments Limited, enjoys one o the highest Asset Manager rating of 'AM2' assigned by Pacra. AHIL is currently managing Rs 39.5 billion as of April 30th in 16 Open end Mutual Funds. 2 Voluntary Pension Funds and investment plans. AHIL has the distinction of winning the confidence of highest number of investors in the private sector.-PR