UBL Pakistan Enterprise ETF Announces Closure of Share Transfer Books for Potential Distribution

Karachi, The Board of Directors of UBL Fund Pakistan Enterprise ETF Managers Limited has delegated authority to the Chief Executive Officer to evaluate and potentially approve an interim distribution from the earnings of the UBL Pakistan Enterprise Exchange Traded Fund for the period ending June 28, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the Share Transfer Books for the Fund will be closed on July 4, 2024. Unit holders whose names are registered in the Fund’s records by the close of business on July 3, 2024, will be eligible for any distributions approved by the CEO.

To ensure eligibility for this potential distribution, transfers must be received by the close of business on July 2, 2024. Additionally, unit holders are urged to update any changes to their addresses at the Fund’s registered office before this date to guarantee the receipt of all pertinent communications and distributions.

This closure of the Share Transfer Books is a routine procedure that precedes the declaration of dividends or distributions, allowing the Fund to finalize the list of eligible shareholders. The decision to distribute profits will be based on the financial performance of the Fund and is subject to approval by the CEO, reflecting the Fund’s commitment to maximizing shareholder value.