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Karachi, NBP Fund Management Limited has declared an interim distribution for the NBP Pakistan Growth Exchange Traded Fund (ETF). The Chief Executive Officer, with authorization from the Board of Directors, announced a distribution of Rs 1.7565 per unit, which translates to an annualized yield of 17.57%.
According to information available from the Pakistan Stock Exchange (PSX), the share transfer books of the fund will be closed from July 3, 2024, to July 4, 2024, inclusive. For unit holders to be eligible for this distribution, transfers must be received at the fund’s registered office by the close of business on June 28, 2024. Furthermore, only unit holders whose names are on the fund’s register at the close of business on July 2, 2024, will be entitled to the announced distribution.
This distribution underscores NBP Fund Management’s commitment to delivering value to its investors through periodic returns on their investments. The interim distribution aims to provide shareholders with a robust return on the thriving ETF, reflecting the fund’s strong performance in the current financial year.