UBL Fund Managers to Consider Interim Distribution, Share Transfer Book Closure Announced

Karachi, UBL Fund Managers Limited has authorized its Chief Executive Officer to potentially approve an interim distribution from profits earned by the UBL Pakistan Enterprise Exchange Traded Fund for the period ending June 28, 2024. The decision on this distribution will depend on the Fund’s performance and will be finalized by the CEO.

In preparation for this potential distribution, the Share Transfer Books of the Fund will be closed on July 5, 2024. Only unit holders registered by the close of business on July 4, 2024, will be eligible for the distribution, should there be any. It is essential for transfers to be received by the end of business on July 3, 2024, to ensure eligibility for the transferees.

According to information available from the Pakistan Stock Exchange (PSX), unit holders are advised to update their address details by July 3, 2024, at the registered address of UBL Fund Managers Limited to facilitate smooth processing of any distributions.

The outcome of the CEO’s assessment regarding the interim distribution will be closely monitored by investors and stakeholders, reflecting the Fund’s performance and financial health as of the end of June 2024.