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Karachi: MCB Investment Management Limited has announced a daily dividend distribution for its Pakistan Cash Management Fund (PCF) for August 2, 2024. The Chief Executive Officer, on behalf of the Board of Directors, confirmed that a dividend of Rs. 0.0237 per unit will be paid to the unit holders registered at the close of business on the specified date.
This financial move, targeting holders of the Pakistan Cash Management Fund, ensures a steady return on the invested capital. According to information available from the Pakistan Stock Exchange (PSX), this declaration reflects the fund’s ongoing commitment to provide regular financial benefits to its investors.
The fund, categorized under money market funds, is known for its focus on managing liquidity and ensuring capital preservation while providing a return in the form of dividends. This latest distribution continues the fund’s practice of daily payouts, aimed at enhancing the attractiveness of money market funds as a stable investment avenue amidst fluctuating market conditions.
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