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Karachi, UBL Fund Managers Limited has announced the approval of interim cash dividends for two of its investment plans, reflecting the company’s commitment to delivering value to its unit holders. The Chief Executive Officer, operating within the authority granted by the company’s Board of Directors, has greenlit the following interim distributions:
UBL Special Savings Plan-V:
An interim cash dividend of Re. 0.0606 per unit, equivalent to 0.06% of the investment, has been approved for the period ending August 22, 2023. This distribution reflects UBL Fund Managers’ dedication to offering competitive returns to investors participating in this plan.
Al-Ameen Islamic Cash Plan-I under Al-Ameen Islamic Cash Fund:
Investors in this plan will receive an interim cash dividend of Re. 0.0542 per unit, constituting 0.05% of the investment. This distribution, for the period ending August 22, 2023, underscores the company’s commitment to providing attractive returns while adhering to Islamic financial principles.
The entitlements mentioned above will be credited to unit holders who were registered as of the close of business on August 22, 2023. This means that investors whose names appeared in the unit holders’ register on this date will be eligible to receive the interim cash dividends.
Interim distributions are a means through which investment companies share profits with their investors between regular dividend cycles. These distributions provide investors with regular income while maintaining the value and growth potential of their investments.
UBL Fund Managers’ announcement of these interim cash dividends serves to enhance investor confidence and underscores the company’s dedication to its unit holders’ financial well-being. It also reflects the company’s continued efforts to meet the financial objectives of its investors and to ensure the competitiveness of its investment plans within the market.
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