Askari Mutual Funds Distribution as of July-07, 2008
Askari Investment Management Limited (AIM) is a leading asset management company dedicated to helping its customers build financial independence. Operating principally through the Askari brand a fully owned subsidiary of Askari Bank Limited, AIM strives to deliver outstanding performance and customer service for both its income and asset allocation fund for individuals and institutions around the country.
The Board of Directors of AIM, in a meeting held on 07 July, 2008 approved following distribution for its mutual funds.
Askari Income Fund (AIF) for the quarter ended 30th June, 2008, AIF announced a bonus (cash dividend on unit holders request) distribution of Rs. 2.9885 per unit resulting in a total distribution of Rs. 9.0266 (an interim dividend for nine months ended Mar-31, 2008 was announced on April-04, 2008 at the rate of Rs. 6.03813 per unit) for the year ended 30th June 2008; this is an annualized 8.97% return on the opening NAV of July 01, 2007.
Ex-Dividend NAV after Dividend/Bonus Distribution is 100.99
The Board has decided to issue no distribution for the Askari Asset Allocation Fund (AAAF).
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Company Secretary
Syed Shoaib Jaffery |