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Pakistan's Habib declares dividend for six funds

Habib Bank Limited Asset Management Limited has declared final dividend for six funds under management.

 

For HBL Money Market Fund, the Board has declared final dividend/bonus at Rs2.80 per unit. Prior to this announcement the Fund had declared three interim dividends aggregating to Rs8.25 per unit.

The total dividend for the year ended June 30 is Rs11.05 per unit. During the year the Fund’s return was 11.50 per cent.

For HBL Income FundA, it has declared final dividend/bonus at Rs3.25 per unit. Prior to this announcement the Fund had declared three interim dividends aggregating to Rs7.00 per unit. The total dividend for the year ended June 30 is Rs10.25 per unit. During the year the Fund’s return was 12.29 per cent.

For HBL Islamic Money Market Fund, a final dividend/bonus of Rs3.00 per unit has been declared. Prior to this announcement the Fund had declared three interim dividends aggregating to Rs7.00 per unit. The total dividend for the year ended June 30 is Rs10.00 per unit. During the year the Fund’s return was 10.31 per cent.

For HBL Stock Fund, it has declared final dividend/bonus at Rs10.00 per unit for the year ended June 30. During the year, the Fund’s return was 11.00 per cent.

HBL Multi Asset Fund will be alotted final dividend/bonus at Rs10.00 per unit for the year ended June 30. During the year, the Fund’s return was 12.67 per cent.

And for HBL Islamic Stock Fund, a final dividend/bonus at Rs10.00 per unit for the year ended June 30 has beendeclared. During the year, the Fund’s return was 16.52 per cent.

Unit holders whose names are appearing in the Unit Holder’s Register on June 29 will be entitled to Cash Dividend/Bonus units. The bonus units will be issued based on the Ex-Dividend Net Asset Value (NAV) of respective funds as on June 30. Sales/Redemption/ transfer/ conversion and pledge of units of HBL Funds will resume from July 9.

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