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Al Meezan announces another Interim Dividend for Meezan Islamic Income Fund, Meezan Cash Fund and Meezan Sovereign Fund for FY 2011-2012

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Karachi: Al Meezan Investment Management Limited (Al Meezan) is pleased to announce interim dividend payout for Meezan Islamic Income Fund (MIIF) @ Rs. 2.00 per unit, Meezan Cash Fund (MCF) @ Rs. 0.40 per unit and Meezan Sovereign Fund (MSF) @ Rs. 1.30 per unit. The details of the dividend are as following:

 

Fund Dividend (Rs.) % of par value Total return
per unit of Rs. 50/- % for FY12
Meezan Islamic Income Fund (MIIF) 2.0 4.00% 5.59%
Meezan Cash Fund (MCF) 0.4 0.80% 11.29%
Meezan Sovereign Fund (MSF) 1.3 2.60% 11.75%

 

The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MIIF as at March 20, 2012 will get 3.9912 additional units at the ex-div. NAV of Rs. 50.11 while an Income Unit holder will get Cash Dividend of Rs. 2.00 per unit.

A Growth Unit holder having 100 units of MCF as at March 20, 2012 will get 0.7998 additional units at the ex-div.NAV of Rs. 50.01  while an Income Unit holder will get Cash Dividend of Rs. 0.40 per unit.

A Growth Unit holder having 100 units of MSF as at March 20, 2012 will get 2.5912 additional units at the ex-div. NAV of Rs. 50.17  while an Income Unit holder will get Cash Dividend of Rs.1.30 per unit.

Al Meezan is one of the leading asset management companies in the private sector in Pakistan with total assets under management of over Rs.37 billion and AM2 rating by JCR-VIS denoting High Quality Management. Al Meezan offers a complete range of investment solutions to meet the varying investment needs of its investors which exceed 18,000 clients including over 350 institutional investors.

For more information, contact:
Al Meezan Investment Management Limited
Registered Office
Ground Floor, Block B,
Finance and Trade Centre (FTC)
Sharah-E-Faisal
Karachi, 74400
UAN: 111-633-926 (Meezan)
Tel: (92-21) 5630722-26
Fax: (92-21) 5676143

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