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Karachi, The registers of several funds managed by the National Investment Trust Limited will be closed from June 15 to June 16, 2023, including the NI(U)T Fund, NIT Social Impact Fund, NIT Islamic Equity Fund, NIT State Enterprise Fund, NIT Government Bond Fund, NIT Equity Market Opportunity Fund, NIT Income Fund, NIT Islamic Income Fund, and NIT Asset Allocation Fund.
The National Investment Trust Limited (NIT) has announced that the registers of nine of its funds will be closed for a two-day period from June 15, 2023, to June 16, 2023. The closure is in effect for the purpose of dividend entitlement, if applicable.
During the closure of the registers, the sale and repurchase of units for the mentioned funds will be temporarily suspended. Investors are advised to take note of this development and plan their transactions accordingly.
The affected funds cover a range of investment options managed by NIT, including the NI(U)T Fund, NIT Social Impact Fund, NIT Islamic Equity Fund, NIT State Enterprise Fund, NIT Government Bond Fund, NIT Equity Market Opportunity Fund, NIT Income Fund, NIT Islamic Income Fund, and NIT Asset Allocation Fund.
The closure of the registers is a routine procedure undertaken by NIT to facilitate the calculation and distribution of dividends, if applicable, to the respective unit holders. It is a temporary measure designed to ensure accurate and fair distribution of profits to the investors in the mentioned funds.