AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, June 25, 2012 (PPI-OT): Al Meezan Investment Management Limited (Al Meezan) is pleased to announce eleventh interim dividend payout for Meezan Cash Fund (MCF) @ Rs. 0.32 per unit. The details of the dividend are as following:
| Fund | Period | Dividend (Rs.) | % of par value | Total return % |
| per unit | of Rs. 50/- | for FY 12 | ||
| Meezan Cash Fund (MCF) | May 23, 2012 to Jun 22, 2012 | 0.32 | 0.64% | 10.65% |
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 MCF as at June 22, 2012 will get 0.6400 additional units at the ex-div. NAV of Rs. 50.00 while an Income Unit holder will get Cash Dividend of Rs. 0.32 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.41 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 20,000 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