KARACHI: The National Investment Trust (NIT) has declared interim distribution for all funds under its management for the year ending June 30, 2016.
A statement here on Wednesday said that the announcements were made after its Board of Directors approved the interim distribution for all Funds under its management.
It was further stated that NIT is presently managing nine Funds with assets under management of around Rs. 90 billion as on June 14, 2016.
NI(U)T Fund:
The Board has declared an interim cash dividend @ Rs. 4.50 per unit for unit holders of NI(U)T for the year ending on June 30, 2016 as compared to Rs. 4.25 per unit for the year ended on 30th June 2015.
The payment of dividend @ Rs.4.50 per unit would involve a cash payout of about Rs. 4,500 million among its unit holders. The size of NI(U)T Fund stood at about Rs. 67.10 billion as of June 14, 2016.
NIT- Islamic Equity Fund (NIT-IEF)
The Board has declared an interim dividend of Rs. 0.42 per unit for the year ending June 30, 2016. The size of the fund stood at about Rs.4.71 billion as of June 14, 2016.
NIT-State Enterprise Fund (NIT-SEF)
The Board has declared an interim cash dividend of Rs. 1.00 per unit for the year ending June 30, 2016. The size of the fund stood at about Rs 2.21 billion as on June 14, 2016.
NIT- Equity Market Opportunity Fund (NIT-EMOF)
The Board has declared an interim dividend of Rs. 12.50 per unit in the form of cash for the year ending June 30, 2016. The size of the fund stood at about Rs. 8.79 billion as of June 14, 2016.
NIT Government Bond Fund (NIT-GBF)
The Board has declared an interim distribution of Rs. 0.75 per unit for the year ending on 30th June 2016. The size of the fund stood at about Rs. 3.15 billion as of June 14, 2016.
NIT Income Fund (NIT-IF)
The Board has declared an interim distribution of Rs. 0.76 per unit for the year ending on 30th June 2016. The size of the fund stood at about Rs. 2.45 billion as of June 14, 2016.
NIT Government Treasury Fund (NIT-GTF)
NIT Government Treasury Fund was launched on 22nd January, 2016. The Board has declared an interim distribution of Rs. 0.20 per unit for the year ending on 30th June 2016. The size of the fund stood at about Rs. 0.89 billion as of June 14, 2016.
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