Karachi: We are pleased to inform you that the Management Company of Meezan Islamic Income Fund (MIIF) based on the net asset value per unit of March 19, 2012 has approved an interim payout of Rs. 2/- i.e. 4% per unit of par value Rs. 50/-.
Unit holders holding income units will receive cash dividend while unit holders holding growth units will be allocated bonus units in accordance with their entitlement. For bonus dividend, unit holders will get 3.9912 bonus units (Rounded Off) for every 100 units, calculated at ex-dividend net asset value per unit of Rs. 50.11/- as at the close of business of March 19, 2012. The payouts is 4 % on the opening Ex-NAV as at July 1, 2011 of Rs. 50.06/-.
The above entitlement will be paid to the unit holders whose names appear in the Register of Unit holders as at the close of the business on March 19, 2012.
For more information, contact:
Syed Owais Wasti
CFO and Company Secretary
Al-Meezan Investment Management Limited
Ground Floor, Block ‘B’,
Finance and Trade Centre,
Shahrah-e-Faisal, Karachi 74400, Pakistan
UAN: 1l1-633-926 (111-MEEZAN)
Fax: (92-21) 567 6143
Web Site: www.almeezangroup.com