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Karachi, The Investment Committee of Atlas Asset Management Limited (AAML), managing Atlas Sovereign Fund (ASF), Atlas Income Fund (AIF), and Atlas Islamic Income Fund (AIIF), approved interim distributions for the funds at a meeting on June 24, 2023. The distributions were authorized by the AAML Board of Directors and will be applicable to unit holders registered as of June 21, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the distributions are set as follows: Atlas Sovereign Fund will distribute Rs. 21.90 per unit, which constitutes 21.90% of the par value; Atlas Income Fund will distribute Rs. 113.65 per unit or 22.73% of the par value; and Atlas Islamic Income Fund will distribute Rs. 105.50 per unit, equating to 21.10% of the par value.
The entitlements will be distributed to those whose names appeared in the register of unit holders at the close of the business day on June 21, 2024. Certificate Holders of the Exchange have been advised to inform the relevant parties accordingly.