Karachi: Declaration of Interim Dividend Distribution for the Unit holders of Askari Sovereign Cash Fund (ASCF) and Askari Islamic Income Fund (AIIF) For the Year Ending June 30, 2012
The Unit Holders of Askari Sovereign Cash Fund (ASCF) and Askari Islamic Income Fund (AIIF) (hereinafter collectively referred to as “the Funds”) managed by Askari Investment Management Ltd (“Management Company”) are hereby informed that the Chief Executive on behalf of the Board of Directors of the Management Company has approved the Interim Dividend Distribution for the Unit Holders of the Funds for the financial year ending June 30, 2012 as follows:
ASCF – Rs. 2.0030 per unit (2.003% of the par value of Rs. 100 per unit)
AIIF – Rs. 3.1092 per unit (3.1092% of the par value of Rs. 100 per unit)
The above Distribution will be paid in the form of Bonus units or cash dividend (for those who have opted for cash dividend) to the respective Unit Holders of the Funds whose names appeared in the Registers of Unit Holders of the Funds at close of business on December 26, 2011 for ASCF and December 23, 2011 for AIIF.
AIM, the management company is a wholly owned subsidiary of Askari Bank Limited. It is currently managing 5 open-end funds out of which three are conventional and two are Islamic Funds, to meet the investment needs of its growing clientele.
Askari Sovereign Cash Fund and Askari Islamic Income Fund are the best performing funds in their category and have generated YTD returns of 12.20%.*and 13.66%*respectively, the highest returns in their category.
ASCF (YTD return of 12.20% as of 28/12/11)
AIIF (YTD return of 13.66% as of 28/12/11)
For more information, contact:
Askari Investment Management Ltd
Behria III Complex