UBL Funds announces interim payout

KARACHI: The Chief Executive, under the authority of the Board of Directors of UBL Fund Managers Limited, announced an interim payout for the period ended September 26, 2011 from UBL Liquidity Plus Fund (ULPF) & UBL Government Securities Fund (UGSF)

The following interim payouts have been announced: ULPF Rs 2.83 per unit of par value of Rs 100. Unit holders holding 100 units as at September 26, 2011 will get 2.8220 units on the ex-dividend price of Rs 100.2848 per unit. Unit holders who have opted for cash payout will receive cash dividend. ULPF is a money market fund that offers an ideal short-term avenue for placement of cash.

The Fund yielded a return of 11.29% p.a. since inception. A payout of Rs 2.10 per unit of par value of Rs 100 was announced for UGSF. Unit holders holding 100 units as at September 26, 2011 will get 2.0954 units on the ex-dividend price of Rs 100.2205 per unit. Unit holders who have opted for cash payout will receive cash dividend. UGSF is an income fund which provides short to medium-term growth in savings.

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