UBL Fund Managers Limited’s final distributions from united growth and income fund and united stock advantage fund
Karachi: Enclosed please find the final distribution for the year ended June 30, 2011 from United Growth and Income Fund and United Stock Advantage Fund Listed on Karachi Stock Exchange.
Final Distribution for the Year Ended June 30, 2011 from United Growth and Income Fund (UGIF) and United Stock Advantage Fund (USF)
We are pleased to inform you that the Board of Directors of UBL Fund Managers Limited, the Management Company of UGIF and USF, on July 07, 2011, has approved following distributions:
United Growth and Income (UGIF)
NIL dividend distribution for the unit holders of UGIF,
United Stock Advantage Fund (USF)
Final Stock Dividend of 27.13% on the opening ex-dividend NAV on July 01, 2010 i.e. of Rs. 31.92 which translates into Rs. 8.66 per unit, of a par value of Rs. 100.
An investor holding 100 units at the close of business on June 30, 2011 will get 25.01 units on ex-dividend price of Rs. 34.62 per unit, the proportionate will apply to actual holdings.
The above entitlements will be credited to unit holders, whose names appeared in the register of unit holders at the close of business on June 30, 2011.
For more information, contact:
Ahsan Raza Khan
Manager Fund Accounting
UBL Fund Managers Limited
8th Floor, Executive Tower,
Dolmen City Building,
Block 4, Clifton,
Tel: +9221 35290080-95
Fax: +9221 35290070