The Chief Executive Officer of MCB-Arif Habib Savings and Investments Limited (MCBAH) on behalf of the Board of Directors, has approved the following interim distributions for Pakistan Cash Management Fund, and Pakistan Income Enhancement Fund. For Pakistan Cash Management Fund (PCF), the Management Company has approved a bonus distribution of Re 0.3439 per unit. An investor holding 100 units as of 23rd May 2014 will get 0.6878 units on the ex-bonus price of Rs 50.00 per unit, the proportionate will apply to actual holdings.
For Pakistan Income Enhancement Fund (PIEF), the Management Company has approved a bonus distribution of Re 0.42 per unit. An investor holding 100 units as of 23rd May 2014 will get 0.8229 units on the ex-bonus price of Rs 51.04 per unit, the same proportion will apply to actual holdings. The above entitlements will be paid to the unit holders whose names appeared in the register of unit holders on 23rd May 2014.
Unit Holders who have opted for cash pay-out will receive cash dividend while unit holders who have opted for bonus will be allocated bonus units in accordance with their entitlement for the distribution announced above. MCBAH enjoys one of the highest Asset Manager Rating of 'AM2' assigned by PACRA. Currently, MCBAH manages approximately Rs 49.21 billion, as on 30th April 2014 in 14 Open-end Schemes, 2 Voluntary Pension Schemes, Investment Plans and Discretionary Portfolios. MCBAH has the distinction of winning the confidence of highest number of investors in the private sector due to diverse range of products and exceptional service quality.-PR
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