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Karachi, NBP Fund Management Limited, under the authority of its CEO and the delegation from the Board of Directors, is set to potentially approve dividend distributions for several of its funds, with specified dates later this month.
The potential distributions will affect multiple funds across various dates. Specifically, dividends for the NBP Money Market Fund are scheduled for June 26, 2024. The NBP Income Opportunity Fund will follow on June 27, 2024, and the NBP Stock Fund is slated for June 28, 2024. According to information available from the Pakistan Stock Exchange (PSX), these distributions hinge on the positions of unit holders in the respective fund’s register by the close of business one day prior to each set distribution date.
This announcement highlights NBP Fund Management’s ongoing commitment to delivering value to its investors through periodic returns on their investments in funds ranging from money markets to specialized sector funds. Each fund’s eligibility for distribution is determined by the presence of the unit holder’s name in the fund’s register at the end of the trading day before the distribution.