Golden Arrow Selected Stocks Fund Limited’s disclosure of conversion or cancellation or winding up of closed end fund as per NBFC and notified entities regulations (NBFCs and NE) 2008

Karachi: As advised by the Securities arid Exchange Commission of Pakistan in their letter Ref. No. NBFC/MUFAP/24/2012 dated January 25, 2012, we hereby notify that Regulation 65 of Non Banking Finance Companies and Notified Entities Regulations, 2008 will be applicable Golden Arrow Selected Stocks Fund Limited (“GASF”) an Investment Company managed by AKD Investment Management Limited i.e. current calendar year i.e. November 21, 2012.

According to Regulation 65, an Asset Management Company managing an Investment Company shall, upon expiry of every five years from 21st November 2007 of the date of launch of the fund whichever is later, hold within one month of such period a meeting of the shareholders to seek their approval to convert the Investment Company into an Open End Scheme or wind up the Investment Company.

In tins regard, all the regulatory requirements will be complied and disclosed in due course of time.

For more information, contact:
Imran Motiwala
Chief Executive Officer
Golden Arrow Selected Stocks Fund Limited
216-217, Continental Trade Centre,
Block-8, Clifton, Karachi – 74000.
PABX: 92 21 35371305-7,
Fax: 92 21 35373217
UAN: 111 253 465
E-mail: inio@akdinvestment.com

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