Karachi, JS Investments Limited informed Pakistan Stock Exchange that the Chief Executive Officer of the company under the authority of the Board of Directors, on June 21, 2016 will consider and approve, if deemed fit, distribution out of the profits earned by the following funds under management.
JS Cash Fund
JS Islamic Govt. Securities Fund
JS Income Fund
JS Fund of Funds
Unit Trust of Pakistan
JS Capital Protected Fund V
The Register of the Unit Holders of the above mentioned Funds will remain closed on June 21, 2016. All the applications for transactions in the units of the above mentioned Funds will be received only up to close of business on June 20, 2016.
Unit Holders whose names appear in the Register of Unit Holders of the Funds as at the close of business on June 20, 2016 will be entitled for any declared payout. Transactions in units will recommence from June 22, 2016.
JS Investments Limited is a public listed company incorporated in Pakistan on February 22, 1995. The foundations of the company are laid under the Companies Ordinance, 1984. The company is a subsidiary of JS Bank Limited which has 52.24 percent direct holding in the company. The stocks of the company are quoted on the Karachi Stock Exchange of Pakistan. The registered office of the company is located at Karachi.
The company has obtained the license of an Investment Adviser and Asset Management Company under the Non-Banking Finance Companies Establishment and Regulation Rules, 2003 the NBFC Rules and the Non-Banking Finance Companies and Notified Entities Regulations, 2008. In addition, the company has also obtained registration to act as Pension Fund Manager under the Voluntary Pension System Rules, 2005. It is an asset management company for Closed-End, JS Growth Fund and JS Value Fund Limited and Open-End, Unit Trust of Pakistan, JS Income Fund, JS Islamic Fund, JS Aggressive Asset Allocation Fund, JS Fund of Funds, JS KSE-30 Index Fund, JS Aggressive Income Fund, JS Cash Fund and JS Large Capital Fund. It is a pension fund manager for JS Pension Savings Fund and JS Islamic Pension Savings Fund.
The company is a member of Mutual Fund Association of Pakistan. The founding partners include INVESCO PLC formerly known as AMVESCAP PLC and International Finance Corporation the private sector arm of the World Bank Group. The company maintains sufficient risk management systems and controls to enable it to identify, assess, mitigate, control and monitor risks in best interest of unit holders of the Collective Investment Schemes.