The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund in its meeting held on October 30, 2013 has declared the first interim dividend for the year ending June 30, 2014.
- November 2, 2013
The Board of Directors of HBL Asset Management Limited, the Management Company of HBL Income Fund in its meeting held on October 30, 2013 has declared the first interim dividend for the year ending June 30, 2014.
|
Name of Fund |
First Interim Dividend Per Unit (Rs.) |
Bonus Entitlement (class of units) |
Cash Entitlement (class of units) |
| HBL Income Fund | 1.75 | A&B | C |
The dividend is approved in the form of Bonus Units for Class “A” and Class “B” Units and equivalent cash dividend for Class “C” units for the year ending June 30, 2014. The bonus units will be issued at the ex-dividend price of October 29, 2013 for HBL Income Fund. Units holders who will opt to encash the bonus units at the ex dividend Net Asset Value (NAV) will receive cash payout based on ex-dividend NAV as on October 29, 2013 for HBL Income Fund. Unit holders whose names are included in register on October 29, 2013 will be entitled to cash dividend/bonus units.
Noman A. Soomro
Company Secretary