The Board of Directors of KASB Funds Limited, the management company of KASB Liquid Fund, has approved the bonus of Rs 10.72 per unit (10.71 percent on the opening of ex-NAV for 2007 financial year).
An investor, holding 100 units as of June 30, 2007, will get 10.68 units (rounded off) on the ex-bonus price of Rs 100.36 per unit, an information, sent to Karachi Stock Exchange, said. The proportionate will apply to actual holdings (unit-holders, who have opted for cash payout, will receive cash payment accordingly).
The above entitlement will be distributed to those unit-holders whose name appeared in the register of unit-holders on June 30. The board also approved the bonus of Rs 4.87 per unit (9.74 percent on the opening NAV of Rs 50 (at IPO) of KASB Stock Market Fund.
An investor, holding 100 units as of June 30, 2007, will get 8.89 units (rounded off) on the ex-bonus price of Rs 54.77 per unit, the proportionate will apply to actual holdings. (unit-holders, who have opted for cash payout, will receive cash payment accordingly). The above entitlement will be distributed to those unit holders whose name appears in the approved register of unit-holders on June 30.-PR
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