JS Investments Announces Disbursement of Cash Dividend for ETF Unitholders

Karachi: JS Investments Limited has completed the distribution of a substantial final cash dividend for its JS Momentum Factor ETF (JSMFETF) unitholders, fulfilling a significant annual financial commitment. The dividend, amounting to Rs. 5.00 per share which represents a 50.00% return for the fiscal year ending on June 30, 2024, was successfully credited electronically to the appropriate bank accounts on September 12, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the Pakistan Stock Exchange notes this significant financial transaction as a testament to JS Investments’ robust performance and its commitment to delivering value to its investors. The dividend payment details were officially published in notable national newspapers including “The News” and “Daily Jang,” across their Karachi, Lahore, and Islamabad editions on September 13, 2024.

To streamline the process and ensure compliance with regulatory requirements, JS Investments utilized the Central Depository Company’s e-services web portal, the Centralized Cash Dividend Register (CCDR). This portal assists both the company and its unitholders by maintaining a comprehensive history of dividends paid, and providing easy access to dividend data for record-keeping and retrieval purposes. Unitholders who have not updated their bank account details were advised to submit the necessary information to facilitate the seamless transfer of dividends.

In addition to direct cash deposits, the fund has also made provisions for the viewing of dividend/Zakat and tax deduction reports via the brokerage firms or directly through the CCDR portal. Such meticulous attention to detail ensures that all regulatory and personal tax obligations are transparent and efficiently managed.

JS Investments has also taken measures to withhold dividends for accounts lacking proper verification, urging those affected to comply with the Companies Act of 2017 by providing updated and accurate banking information to avoid future inconveniences.

This distribution cycle not only highlights JS Investments’ diligence in adhering to fiscal regulations but also its dedication to maintaining clear and open channels of communication with its unitholders, thereby reinforcing trust and ensuring a stable investment environment.

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