ALHAMRA DAILY DIVIDEND FUND ANNOUNCES NEW PAYOUT

Karachi: MCB Investment Management Limited, the manager of Alhamra Daily Dividend Fund (ALHDDF), declared a new dividend payout on August 15, 2024. The declared daily distribution rate is Re. 0.0452 per unit for registered unit holders as of the close of business on the same day.

According to information available from the Pakistan Stock Exchange (PSX), this payout is part of the fund’s commitment to providing regular returns to its investors. The decision, made by the Chief Executive Officer on behalf of the Board of Directors, aims to maintain the fund’s competitive position in the market by offering consistent dividend payments.

The payout will be distributed to the unit holders whose names were recorded in the unit holder register at the end of the day on August 15, 2024. This approach reflects the fund’s strategy to attract and retain investors by capitalizing on the potential for steady income streams through daily dividends.

Alhamra Daily Dividend Fund, managed by MCB Investment Management Limited, continues to adhere to its policy of frequent distributions, thereby supporting the investment objectives of its stakeholders.

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