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Karachi, UBL Fund Managers Limited has announced a temporary suspension of the indicative Net Asset Value (iNAV) dissemination for UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF). The suspension is due to the fund’s cash generation activity scheduled to take place on July 10, 2023.
In compliance with Section 96 of the Securities Act, 2015, Clause 5.6.1 of the PSX Rule book, and the Offering Document of UBLP-ETF, UBL Fund Managers Limited has taken this step to ensure proper execution of the fund’s cash generating activity.
The temporary suspension of iNAV dissemination is a routine procedure undertaken during cash generation activities. It allows for accurate calculations and adjustments related to the fund’s overall value and assets. The suspension ensures transparency and fair pricing for investors in UBLP-ETF.
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