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Wednesday, June 20th, 2018

Dawood Capital Management Limited’s open-end Dawood Income Fund (Formerly Dawood money market fund) distribution for the year ended June 30, 2012

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Karachi, July 06, 2012 (PPI-OT): We are pleased to inform you that the Board of Directors of Dawood Capital Management Limited (DCM), the Management Company of Dawood Income Fund (formerly Dawood Money Market Fund) in their meeting held on July 06, 2012 has approved the following distribution out of net income earned for the financial year ended June 30, 2012:

(i) Bonus Units:

The BOD has announced bonus dividend to unit holders of Rs. 4.95 per unit on NAV of June 30, 2012 of Rs. 76.7635, which comes out to be 6.79% of the opening Ex-NAV of Rs. 72.8655. Unit holders will get 6.8929 bonus units per 100 units held.

The total return on investment including the appreciation in NAV amount to 5.35%.

The above entitlement will be paid to the unit holders whose name appeared in the register of unit holders on June 30, 2012.

(ii) Right Shares Nil

And/ Or

(iii) Any Other Entitlement/ Corporate Action Nil

And/ Or

(iv) Any Other Price-Sensitive Information Nil

The Net Income Statement certified by auditors is enclosed.

Dawood Income Fund Income Statement for the Year Ended 30 June 2012

(Rupees)
Income
Profit / return on
– Term finance certificates

13,439,444

– Placements

569,986

– Treasury bills

38,955,873

– Bank balances

2,012,832

Capital gain on sale of securities – net

655,444

Unrealised loss on revaluation of investments
at fair value through profit and loss – net

(39,685)

Impairment charged in the value of investments
classified as available for sale

(17,773,629)

———-

37,820,265

Expenses
Remuneration of the Management Company
– Dawood Capital Management Limited

4,680,121

Sales tax on management fee

732,819

Remuneration of the Trustee

687,029

Annual fee of Securities and Exchange Commission of Pakistan

343,508

Securities transactions costs

41,019

Auditors’ remuneration

363,500

Legal and professional charges

295,000

Financial charges

24,127

Workers’ welfare fund

576,208

Fees and subscription

40,000

Printing charges

100,200

———-

7,783,531

———-

Net income from operating activities

30,036,734

Element of loss and capital loss included in prices of units sold less
those in units redeemed – net

(1,822,532)

———-

Net Income for the year

28,214,202

This statement has been prepared in accordance with the accounting policies of the Fund as applicable for the year ended 30 June 2012.

For more information, contact:
Dawood Capital Management Limited
5B Lakson Square Building # 1,
Sarwar Shaheed Road,
Karachi 74200 Pakistan
UAN: 111-DAWOOD (111-329-663)
Tel: (92-21) 3562-1001-06
Fax: (92-21) 3562-1010
URL: www.edawood.com
E-mail: dcm@edawood.com

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