Change of Registrar / Transfer Agent

This is to inform through this notice to all valued Unit-holders of PICIC Energy Fund, PICIC Cash Fund, PICIC Income Fund, PICIC Stock Fund, PICIC Islamic Income Fund and PICIC Islamic Stock Fund that effective from January 26, 2017, we will perform in-house Registrar/Transfer Agent services. Unit-holders are requested to contact for all matters pertaining to the Registrar Services of aforesaid Funds at following address;

Address : HBL Asset Management Limited, 24-C, Khayaban-e-Hafiz, Phase VI, DHA Karachi, Pakistan.
UAN : (021) 111-425-262
Fax : (021) 35240630
Email : info@hblasset.com
Website : www.hblasset.com

NOMAN QURBAN
Company Secretary
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Reversal of WWF and provisioning of SWWF

Mutual Fund Association of Pakistan (MUFAP), in its extra ordinary general meeting held on January 11, 2017 at 4:30 pm, has decided the following: 1) Reverse the full provision against Federal Worker’s Welfare Fund (WWF) held in the Collective Investment Schemes; and 2) Create provision for Sindh WWF and start provisioning on a daily basis going forward. The decision has been implemented on January 12, 2017. MUFAP has communicated the decision to Securities and Exchange Commission of Pakistan. The adoption of the decision of MUFAP shall have impact on the Net Assets Values of Funds under the Management of HBL Asset Management Limited.

Noman Qurban
Company Secretary

Announcement of Interim dividend for HBL Funds for the year ending June 30, 2016.

We are pleased to announce that the Chief Executive Officer, under the authority of the Board of Directors of HBL Asset Management Limited, has approved following interim dividend distribution for the year ending June 30, 2016:

Fund Name

Cash/Dividend Distribution per unit

HBL Money Market Fund

Rs. 4.80

HBL Stock Fund

Rs. 1.50

HBL Islamic Stock Fund

Rs. 1.50

HBL Multi Asset Fund

Rs.  2.50

HBL Mustahekum Sarmaya Fund 1

Rs. 4.75

HBL Islamic Asset Allocation Fund

Rs. 0.80

The unit holders whose names appeared in the register of unit holders of the Funds at the close of business day on June 27, 2016 shall be entitled to the above distribution.

 

Karachi,                                                                                                                            Noman Qurban

June 28, 2016                                                                                                                 Company Secretary

 

Dividend Announcement

We are pleased to announce that the Chief Executive Officer, under the authority of the Board of Directors of HBL Asset Management Limited, has approved interim dividend payout of Rs. 5.25 per unit and Rs. 4.10 per unit from HBL Income Fund and HBL Islamic Money Market Fund respectively for the year ending June 30, 2016. Unit holders whose names are appearing in the Unit Holder’s Register on June 21, 2016 will be entitled to dividend announced.

PRESS RELEASE

18th February, Karachi: At a ceremony held on Wednesday February 17th, HBL Asset Management (HBL AMC) signed an agreement to acquire 100% shares of PICIC Asset Management Company (PICIC AMC), a wholly owned subsidiary of NIB Bank. The ceremony was also attended by Mr. Nauman K. Dar, President Habib Bank Limited and Mr. Atif R. Bokhari, President NIB Bank. After conducting due diligence last year, HBL Asset Management made a successful bid to acquire PICIC Asset Management for Rs. 4.1 Billion. PICIC Asset Management has assets under management of Rs. 23 billion in 8 mutual funds. The agreement was signed after acquiring necessary regulatory approvals. At the event HBL Asset Management’s CEO, Mr. Rehan N. Shaikh said “HBL Asset Management takes pride in this acquisition and it is in line with HBL Asset Management’s commitment to create value for all its stakeholders”. He further stated that “HBL Asset Management will work closely with PICIC Asset Management to ensure smooth and seamless transition and to provide continuous and uninterrupted services to investors.” HBL Asset Management is a 100% owned subsidiary of HBL. With a global presence in over 25 countries spanning across four continents, HBL is the largest private sector and also the largest multinational bank in Pakistan with over 1,600 branches and 1,700 ATMs globally and a customer base exceeding eight million relationships.

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Standing Left to Right: Mr. Nauman K. Dar, President, Habib Bank Limited and Mr. Atif R. Bokhari, President, NIB Bank Limited. Sitting Left to Right: Mr. Rehan N. Shaikh, Chief Executive Officer, HBL Asset Management Limited and Mr. Yameen Kerai, Chief Financial Officer, NIB Bank Limited.

Dividend HBL Stock Fund

HBL Asset Management Limited declares Interim dividend for HBL Funds for the year ending June 30, 2015 We are pleased to announce that the Chief Executive Officer, under the authority of the Board of Directors of HBL Asset Management Limited, has approved the following interim dividend payout from HBL Stock Fund, HBL Multi Asset Fund and HBL Islamic Stock Fund for the year ending June 30, 2015. Distribution per unit (Rs.) HBL Stock Fund HBL Multi Asset Fund HBL Islamic Stock Fund Cash distribution - 0.10 1.00 Bonus distribution 11.00 5.00 18.00 Unit holders whose names are appearing in the Unit Holder’s Register on June 29, 2015 will be entitled to dividend announced.

Dividend Announcement

We are pleased to announce that the Chief Executive Officer, under the authority of the Board of Directors of HBL Asset Management Limited, has approved interim dividend payout of Rs. 9.00, Rs. 6.50 and Rs. 1.35 per unit from HBL Income Fund, HBL Islamic Money Market Fund and HBL Mustahekum Sarmaya Fund 1 respectively for the year ending June 30, 2015. Unit holders whose names are appearing in the Unit Holder’s Register on June 25, 2015 will be entitled to dividend announced.

HBL Asset Management Limited declares Interim dividend for HBL Money Market Fund for the year ending June 30, 2015

We are pleased to announce that the Chief Executive Officer, under the authority of the Board of Directors of HBL Asset Management Limited, has approved interim dividend payout of Rs 8.00 per unit from HBL Money Market Fund for the year ending June 30, 2015. Unit holders whose names are appearing in the Unit Holder’s Register on June 22, 2015 will be entitled to dividend announced.

Musthekum

This is to inform all the unit holders of HBL Mustahekum Sarmaya Fund 1 (the Fund), managed by HBL Asset Management Limited, that the Offering Document of the Fund has been amended with the approval of Securities & Exchange Commission of Pakistan. Accordingly, the initial offer period of the Fund shall end on March 27, 2015 instead of March 19, 2015. The relevant supplementary Offering Document reflecting these changes is available on our website www.hblasset.com. For any further query/clarification please contact us on 021-111 425 262. Karachi Noman Qurban March 20, 2015 Company Secretary HBL Asset Management Limited 24 C, Khayaban-e-Hafiz, Phase VI, DHA, Karachi

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