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Sunday, September 20th, 2020

KASB Funds Limited’s announcement of KASB Income Opportunity Fund, KASB Stock Market Fund, KASB Asset Allocation Fund and KASB Islamic Income Opportunity Fund

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Karachi: Please find enclosed “Announcement” of Dividend Distribution (Form 3) in respect of the following mutual funds under the management of KASB Funds Limited (KFL):

* KASB Income Opportunity Fund (formerly KASB Liquid Fund);
* KASB Stock Market Fund;
* KASB Asset Allocation Fund (formerly KASB Balanced Fund); and
* KASB Islamic Income Opportunity Fund (formerly KASB Islamic Income Fund).

KASB Funds Limited

Announcement – KASB Islamic Income Opportunity Fund (Formerly KASB Islamic Income Fund)

We have to inform you that the Board of Director of KASB Funds Limited (the Management Company) in their meeting held on Friday, July 08, 2011, approved NIL Dividend distribution for the Unit holders of KASB Islamic Income Opportunity Fund (formerly. KASB Islamic Fund) (“KIIOF” or “the Fund”) for the financial year ended June 30, 2011

We will be sending you the profit and loss account and 300 copies of the printed accounts of KIIOF for the financial year ended June 30, 2011 for distribution amongst the members of the Exchange after the completion of the annual audit and approved by the Board of Directors of the management company.

Announcement – KASB Asset Allocation Fund (Formerly KASB Balanced Fund)

We have to inform you that the Board of Directors of KASB Funds Limited (“the Management Company”) in their meeting held on Friday, July 8, 2011, approved NIL dividend distribution for the Unit holders of KASB Asset Allocation Fund (formerly KASB Balanced Fund) (“KAAF’ or “the Fund”) for the financial year ended June 30, 2011.

We will be sending you the profit and loss account and 300 copies of the printed accounts of KAAF for the financial year ended June 30, 2011 for distribution amongst the members of the Exchange after the completion of the annual audit and approved by the Board of Directors of the management company.

Dividend Distribution – KASB Stock Market Fund (Managed By KASB Funds Limited)

We have to inform you that the Board of Directors of KASB Funds Limited (“the Management Company”) in their meeting held on July 8, 2011, has approved the following distribution for the Unit holders of KASB Stock Market Fund (`KSMF” or “the Fund”) for the financial year ended June 30, 2011:

Dividend Distribution

A dividend distribution for the Unit Holders of KASB Stock Market Fund @ Rs. 3/- per unit (6% of the par value of Rs. 50/- per unit) for the year ended June 30, 2011.

The above dividend will be paid to the Unit Holders of KSMF 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 KSMF. Therefore, the Unit Holders who had opted for cash dividend will be paid cash equivalent to Rs. 3/- for every 1 (one) unit held by those Unit Holders, whereas the Unit Holders who had opted for bonus dividend will get bonus units equivalent to 11.3766 (rounded off) units (calculated on the ex-dividend NAV of June 30, 2011) for every 100 units held by such Unit Holders, based on the actual holding of such Unit Holders as of June 30, 2011.

The Unit Holders whose names appeared in the register of Unit Holders of KSMF at the close of business on June 30, 2011 are entitled to the above dividend.

We will be sending you the profit and loss account and 300 copies of the printed accounts of KSMF for the financial year ended June 30, 2011 for distribution amongst the members of the Exchange after the completion of the annual audit and approved by the Board of Directors of the management company.

Announcement – KASB Income Opportunity Fund (Formerly KASB Liquid Fund)

We have to inform you that the Board of Directors of KASB Funds Limited (“the Management Company”) in their meeting held on Friday, July 8, 2011, approved NIL dividend distribution for the Unit holders of KASB Income Opportunity Fund (Formerly KASB Liquid Fund) (“KIOF” or “the Fund”) for the financial year ended June 30, 2011

We will be sending you the profit and loss account and 300 copies of the printed accounts of KIOF for the financial year ended June 30, 2011 for distribution amongst the members of the Exchange after the completion of the annual audit and approved by the Board of Directors of the management company.

Announcement – KASB Islamic Income Opportunity Fund (Formerly KASB Islamic Income Fund)

We have to inform you that the Board of Directors of KASB Funds Limited (“the Management Company”) in their meeting held on Friday, July 8, 2011, approved NIL dividend distribution for the Unit holders of KASB Income Opportunity Fund (Formerly KASB Islamic Income Fund) (“KIIOF” or “the Fund”) for the financial year ended June 30, 2011

We will be sending you the profit and loss account and 300 copies of the printed accounts of KIIOF for the financial year ended June 30, 2011 for distribution amongst the members of the Exchange after the completion of the annual audit and approved by the Board of Directors of the management company.

For more information, contact:
Mansoor Ali
Company Secretary
KASB Funds Limited
5th Floor, Trade Centre,
I.I. Chundrigar Road,
Karachi – 74200,
Pakistan.
UAN: +9221 111 535 535
Fax: +9221 3262 4635
Web: www.kasbfunds.com

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