UBL Fund Managers Announce Interim Distributions for Savings and Islamic Cash Plans

Karachi, UBL Fund Managers Limited has announced its interim cash distributions for two of its investment schemes, according to financial disclosures submitted to the Pakistan Stock Exchange (PSE). The distributions have been approved by the Chief Executive Officer, acting under the authority of the Board of Directors.

For the UBL Special Savings Plan-V, the company declared an interim cash dividend of Re.0.1031 per unit, which translates to a 0.1% distribution rate for the period ending March 13, 2024. This announcement reflects the fund’s performance and the company’s commitment to providing returns to its investors.

In a parallel announcement, the AL-Ameen Islamic Cash Plan-I, operating under the AL-Ameen Islamic Cash Fund, will also see an interim distribution. The dividend for this scheme has been set at Re.0.0548 per unit, amounting to a 0.05% distribution rate for the same period.

The entitlement to these distributions will be accorded to unit holders who were registered in the company’s books at the close of business on March 13, 2024. This move underscores UBL Fund Managers’ ongoing strategy to deliver value to its investors across different financial instruments.

TRE Certificate Holders of the Exchange have been advised to update their records accordingly to reflect these distributions.