CREDIT OF CASH DIVIDEND TO JSMFETF UNITHOLDERS

Karachi: Unitholders of JS Momentum Factor ETF (“JSMFETF”), a fund managed by JS Investments Limited (“JSIL”), have been credited with a cash dividend for the fiscal year ended June 30, 2024. The dividend, amounting to Rs. 5.36 per share, representing a 53.60% yield, was approved during the Board of Directors meeting on July 30, 2024, and has been deposited directly into the bank accounts of eligible unitholders.

According to information available from the Pakistan Stock Exchange (PSX), the Central Depository Company of Pakistan Limited (CDC) has implemented the Centralized Cash Dividend Register (CCDR), an e-services portal designed to store and provide access to dividend records. This initiative ensures that unitholders have detailed records of dividends paid, unpaid, or withheld by listed entities. Access to the CCDR is available through the CDC’s website, facilitating investors in managing their dividend transactions and historical data efficiently.

Furthermore, in compliance with the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017, JS Investments Limited has withheld dividends for unitholders who failed to provide valid banking details, including a 24-digit International Bank Account Number (IBAN). Unitholders affected by this withholding must submit accurate account information to their brokers or directly through the CDC’s E.Dividend Mandate Form to release their funds.

The notice detailing this dividend credit will be published in both English and Urdu in leading newspapers including “The News” and “Daily Jang” on Monday, August 26, 2024, as part of the regulatory requirements outlined in Clause 5.6.9 (b) of the PSX Rule Book.

Unitholders are also provided with a Dividend/Zakat and Tax Deduction Report through their respective stock brokers or via email, ensuring transparent and accessible reporting of their investment returns.

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