All unit holders of Askari Income Fund (AIF) & Askari Asset Allocation Fund (AAAF) are informed that for determining the entitlement to any dividend that may be declared by Management Company, The Register of Unit-Holders of AAAF and AIF (Register) maintained by Technology Trade (Pvt.) Ltd. in their capacity as Transfer Agent, at the address below, will be closed during the period from Wednesday October 01, 2008 to Tuesday October 07, 2008 both days inclusive.

During this period, there will be no transaction in Units. The Authorized Branches of the Distribution Companies will receive the Sale/Redemption, Transfer, Application only up to Tuesday September 30, 2008. Unit Holders, whose names are included in the Register on 30th September 2008 will be entitled to dividend, if declared, for the period ending September 30, 2008. The transaction in Units will recommence from Wednesday, October 08, 2008. Unit-Holders are requested to notify any change in address and other particulars to the Transfer Agent on or before 30th September, 2008 at the following address:

By the order of Board of Director of Askari Investment Management Limited (management company of AIF & AAAF)

Syed Shoaib Jaffery
Company Secretary


posted 07-07-2008

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. 2.988 per unit resulting in a total distribution of Rs. 9.026 (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).

Askari Investment Management Limited (AIML) is one of the country's leading asset management companies dedicated to helping its customers build their financial security. Operating principally through the Askari brand a fully owned subsidiary of Askari Bank Limited, AIML strives to deliver outstanding performance and customer service for both its income and asset allocation fund for individuals and institutions around the country.

The total funds under management of Askari Investments now exceed Rs. 14 billion. The Board of Directors of Askari Investments, in a meeting held on 04 April, 2008 approved following interim distribution for its mutual fund.

Askari Income Fund for nine months ended 31st March, 2008.

The Askari Income Fund (AIF) Net Asset Value per unit has grown from Rs. 100.68 to 107.72 over the FY 2008, a total annualized return of 9.28%. Net assets as of 31st March 2008 are Rs. 13.52 billion. AIF announced a bonus distribution of Rs. 6.038 per unit, which is 8% of the annualized opening NAV for July 01, 2007.

The Board has decided to issue no bonus units for the other fund being managed by the company, Askari Asset Allocation Fund (AAAF).

Askari Investments is one of the country's leading asset management companies dedicated to helping its customers build their financial security. Operating principally through the Askari brand a fully owned subsidiary of Askari Bank Limited, Askari Investments strives to deliver outstanding performance and customer service for both its income and asset allocation fund for individuals and institutions around the country. The total funds under management of Askari Investments now exceed Rs. 10 billion.

The Board of Directors of Askari Investments, in a meeting held on 09 July, 2007 approved following distribution for its two mutual funds for the year ended 30th June, 2007.

The Askari Income Fund (AIF) Net Asset Value per unit has grown from Rs. 100.49 to 111.74 over the FY 2007, a total return of 11.20%. Net assets as of June-30th 2007 are Rs. 9.4 billion. AIF announced a bonus distribution of Rs. 11.0586 per unit, which is 11% of the opening NAV for FY2007.

The Askari Asset Allocation Fund (AAAF) in the pre-IPO phase, Net Asset Value per unit has grown from Rs. 100.00 to 102.1714 from June-02, 2007, a total return of 27.33%. Net assets as of June-30th 2007 are Rs. 641 million. AAAF announced a bonus distribution of Rs. 1.98598 per unit, which is 25% of the opening NAV.

posted 15-09-2006
Askari Income fund is Sales Load free now.
* Invesments under two months may be subject to sales load.
** Bonus units are TAX free

posted 02-07-2006

The Management of Askari Investment Management Ltd is delighted to announce that the Board has approved a dividend of Rs. 4.49 per unit of Askari Income Fund. This translates into a healthy annualized yield of 10.60% for IPO investors.

Disbursement of dividend will be executed either through cash or bonus units - as indicated by the unit holders at the time of investment.