AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi, Faysal Asset Management Limited has declared an interim payout for several of its funds and plans for the financial year ending June 30, 2024. The payouts will benefit unitholders whose names were registered by the close of business on June 24, 2024.
According to information available from the Pakistan Stock Exchange (PSX), the CEO of Faysal Asset Management, with authorization from the Board, has approved the payouts for three specific funds. These funds include the Faysal Islamic Sovereign Fund (Faysal Islamic Sovereign Plan II), the Faysal Financial Sector Opportunity Fund, and the Faysal Income and Growth Fund.
The Faysal Islamic Sovereign Fund, a Shariah Compliant Income Scheme, will distribute a payout of Rs. 8.74 per unit, which equates to 8.74% of the par value of Rs. 100 per unit. Similarly, the Faysal Financial Sector Opportunity Fund, categorized under the Income Scheme, will deliver a payout of Rs. 1.25 per unit, or 1.25% of the par value. Lastly, the Faysal Income and Growth Fund, an Aggressive Fixed Income Scheme, has declared a payout of Rs. 3.44 per unit, representing 3.44% of the par value.
Unitholders of these funds are advised to update their records to reflect these payouts as directed by Faysal Asset Management Limited. This interim payout marks a significant step in the company’s commitment to its investors for the year.