The board of directors of HBL Asset Management Limited, the management company of HBL Income Fund and HBL Money Market Fund, in its meeting held on April 25, 2011 announced third interim dividend in the form of bonus units for 'A' and 'B' classes of units and cash dividend for 'C' class units for the year ending June 30, 2011.
HBL Income Fund: The board approved third interim dividend at Rs 3.00 per unit in the form of bonus units for 'A' & 'B' classes of units and cash dividend of Rs 3.00 per unit for class 'C' units for the year ending June 30, 2011. This is in addition to the first and second interim dividend/bonus declared at Rs 2.25 per unit and Rs 3.00 per unit in October 2010 and February 2011 respectively.
HBL Money Market Fund: The board approved third interim dividend at Rs 2.90 per unit in the form of bonus units for 'A' & 'B' classes of units and cash dividend of Rs 2.90 per unit for class 'C' units for the year ending June 30, 2011. This is in addition to the first and second interim dividend/bonus declared at Rs 2.25 per unit and Rs 2.90 per unit in October 2010 and February 2011 respectively.
The bonus units will be issued based on the ex-dividend Net Asset Value (NAV) as on April 25, 2011. Unit holders, who have opted to en-cash the bonus units on NAV, will receive cash pay-out based on the ex-dividend as on April 25, 2011. Unit holders whose names are included in the register on April 25, 2011 will be entitled to cash dividend/bonus units.
The books of HBL Income Fund and HBL Money Market Fund will remain closed on 26th & 27th April 2011 and sales/redemption/transfer/conversion and pledge of units will resume from April 28, 2011.-PR
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