Cash Generation Announced by Meezan Pakistan Exchange Traded Fund

Karachi, The Meezan Pakistan Exchange Traded Fund (MZNPETF) conducted a cash generating activity today, in line with the regulatory requirements outlined in the Securities Act, 2015 and the PSX Rule Book.

According to information available from the Pakistan Stock Exchange (PSX), in a notification released to the TRE Certificate Holders, the management of MZNPETF confirmed that this financial maneuver was executed in strict compliance with section 96 of the Securities Act, 2015, clause 5.6.l of the PSX Rule Book, and the Offering Document of MZNPETF. The activity took place on June 28, 2024, underlining the fund’s adherence to the stipulated financial governance norms.

This operation reflects MZNPETF’s ongoing commitment to maintain transparency and regular communication with its investors, ensuring that all regulatory guidelines and documentation requirements are met meticulously.