AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Alfalah Asset Management Limited has declared an interim distribution for the Alfalah Consumer Index Exchange Traded Fund (ACIETF), as authorized by the company’s Chief Executive Officer and the Board of Directors. The distribution amounts to Rs. 0.76 per unit, representing 7.6% of the par value of Rs. 10 per unit, derived from the profits accumulated over the financial year ending June 30, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the distribution is set against the earnings of the ACIETF, a fund designed to track consumer sector performance within the exchange. This interim payout is indicative of the fund’s successful performance and the company’s commitment to rewarding its investors.
The book closure for this distribution has been scheduled for June 28, 2024, with the entitlement effective for unitholders recorded in the fund’s register by the close of business on June 27, 2024. To ensure smooth processing of the distribution, unitholders are advised to update their registration details, including any changes in address, with the fund’s registrar, M/s CDC Share Registrar Services Limited in Karachi, by the specified deadline.
This interim payout reflects Alfalah Asset Management’s proactive approach in managing investor returns and capitalizing on market opportunities within the consumer index sector.