KARACHI – Al Meezan Investment Management Limited (Al Meezan) is pleased to announce another interim dividend payout for Meezan Sovereign Fund (MSF) @ Rs. 1.30 per unit and Meezan Cash Fund (MCF) @ Rs. 0.40 per unit, says a press release.
The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MCF as at December 21, 2011 will get 0.7998 additional units at the ex-div. NAV of Rs. 50.01 while an Income Unit holder will get Cash Dividend of Rs. 0.40 per unit. A Growth Unit holder having 100 units of MSF as at December 21, 2011 will get 2.5910 additional units at the ex-div. NAV of Rs. 50.17 while an Income Unit holder will get Cash Dividend of Rs. 1.30 per unit.