Al-Meezan announces 5th Interim Dividend Payout for Meezan Cash Fund

KARACHI: Al-Meezan Investment Management Limited (Al Meezan) is pleased to announce Fifth Interim dividend payout for Meezan Cash Fund (MCF) – Rs. 0.58 per unit.

The payouts are in the form of Bonus Units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MCF as at June 28, 2011 will get 1.16 additional units at the ex-div. NAV of Rs. 50 while an Income Unit holder will get Cash Dividend of Rs.0.58 per unit.

Meezan Cash Fund (MCF) is the first and the largest Shariah compliant open-end money market fund in Pakistan. The annualized return for the period ended June 27, 2011 was 11.01%. The net assets of MCF currently stand at Rs.5,800 million.

Al Meezan Investments is the largest asset management company in the private sector in Pakistan with total assets under management of over Rs.28 billion and AM2 rating by JCR-VIS denoting High Quality Management. Al Meezan offers a complete range of investment solutions to meet the varying investment needs of its investors which exceed 18,000 clients including over 300 institutional investors.

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