JS Bank Announces Closure Dates for 4th Profit Payment on TFCs

Karachi: JS Bank Limited has announced the book closure dates for the 4th profit payment of its Term Finance Certificates (TFC), a move affecting holders of these financial instruments. The TFC issue, identified by the symbol “JSBLTFC4” and initiated on August 30, 2023, is scheduled for its next profit payment on August 30, 2024. The bank’s transfer books will be closed from August 17, 2024, through August 30, 2024, encompassing both days.

According to information available from the Pakistan Stock Exchange (PSX), this closure is crucial for the determination of entitlements related to the profit payment. JS Bank has urged all TFC holders to immediately notify the Bank’s Registrar, M/s. CDC Share Registrar Services Limited in Karachi, of any changes in their address or income tax exemption status.

The bank has further disclosed that notices regarding this book closure will be published in the “The News” and “Daily Tang” newspapers across their Karachi, Lahore, and Islamabad editions on August 03, 2024. These actions are part of the bank’s compliance and communication strategy regarding its financial instruments.

The total value involved in this transaction is PKR 3,500 million. TFC holders are expected to adjust their records and inform the TRE Certificate Holders of the Exchange accordingly to ensure compliance and proper receipt of their profit payments.

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