HBL Asset Management Announces Interim Distributions for Islamic and Financial Sector Funds

Karachi, The Chief Executive Officer of HBL Asset Management Limited, with the authorization of the Board of Directors, has approved interim distributions for two of its funds as of June 25, 2024. The distributions include a cash dividend of Rs.0.0507 per unit for the HBL Islamic Money Market Fund and Rs.0.0548 per unit for the HBL Financial Sector Income Fund Plan-II, each reflecting a 0.05% of the opening Ex-NAV as of July 1, 2023.

According to information available from the Pakistan Stock Exchange (PSX), these dividends will be paid to the unit holders listed in the register of unit holders at the close of business on June 25, 2024. This move is part of HBL Asset Management’s commitment to providing regular financial returns to its investors.

The distributions are designed to benefit investors of both the HBL Islamic Money Market Fund, which adheres to Shariah-compliant investment principles, and the HBL Financial Sector Income Fund Plan-II, targeting financial sector investments. These funds have been structured to cater to different investor needs while ensuring compliance with regulatory standards and strategic financial planning.