NOTICE: CHANGE OF SHARES REGISTRAR ADDRESS This is to inform through this notice to all valued Certificate-holders of PICIC Growth Fund and PICIC Investment Fund that w.e.f. 23/01/2017, the address of Registrar of aforesaid Funds will be relocated as under; THK Associates (Pvt.) Limited 1st Floor, 40-C, Block-6 P.E.C.H.S Karachi – 75400 UAN : (021) 111-000-322 Phone # : (021)-34168270 Fax # : (021) 34168271 NOMAN QURBAN Company Secretary Date : 22/01/2017
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 : email@example.com Website : www.hblasset.com NOMAN QURBAN Company Secretary Click here to Download
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:
Cash/Dividend Distribution per unit
HBL Money Market Fund
HBL Stock Fund
HBL Islamic Stock Fund
HBL Multi Asset Fund
HBL Mustahekum Sarmaya Fund 1
HBL Islamic Asset Allocation Fund
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
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.
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.
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.