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Karachi, AKD Investment Management Limited, under the authority of its CEO and the Board of Directors, has announced the approval of interim distribution for several funds for the fiscal year ending June 30, 2024. The distributions are set for unit holders registered by June 21, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the approved cash dividends range from 0.50 to 10.90 Pakistani Rupees per unit across different funds, with percentages varying based on the par value of each fund. The AKD Aggressive Income Fund will distribute 10.45 Rupees per unit, representing a 20.90% return on its 50 Rupees par value. The AKD Cash Fund follows closely with a 21.80% return, distributing 10.90 Rupees per unit.
Other funds such as the AKD Islamic Income Fund and the AKD Index Tracker Fund will distribute 9.90 and 2.00 Rupees per unit, corresponding to 19.80% and 20.00% returns, respectively. The AKD Opportunity Fund offers a dividend of 2.75 Rupees per unit, a 5.50% yield on its 50 Rupees par value.
Lesser dividends are seen in the Golden Arrow Stock Fund and the AKD Islamic Stock Fund, with payouts of 0.50 and 5.85 Rupees per unit, showing returns of 10.00% and 11.70%, respectively.
The announcement specifies that these dividends will be distributed to those whose names are recorded in the unit holders’ register by the close of business on June 21, 2024, as per the entitlements listed above.