The Board of Directors of HBL Asset Management Limited in the meeting held on July 8, 2013 declared final dividends for six funds under management.
HBL Money Market Fund
The Fund has declared final dividend/bonus at Rs.1.10 per unit. Prior to this announcement the Fund had declared interim dividends aggregating to Rs.7.80 per unit. The total dividend for the year ended June 30, 2013 is Rs.8.90 per unit. During the year the Fund’s return was 9.28%.
HBL Income Fund
The Fund has declared final dividend/bonus at Rs.2.00 per unit. Prior to this announcement the Fund had declared interim dividends aggregating to Rs.5.00 per unit. The total dividend for the year ended June 30, 2013 is Rs.7.00 per unit. During the year the Fund’s return was 7.70%.
HBL Islamic Money Market Fund
The Fund has declared final dividend/bonus at Rs.0.95 per unit. Prior to this announcement the Fund had declared interim dividends aggregating to Rs.7.21 per unit. The total dividend for the year ended June 30, 2013 is Rs.8.16 per unit. During the year the Fund’s return was 8.45%.
HBL Stock Fund
The Fund has declared final dividend/bonus at Rs.25.00 per unit for the year ended June 30, 2013. During the year the Fund’s return was 44.42%.
HBL Multi Asset Fund
The Fund has declared final dividend/bonus at Rs.15.50 per unit for the year ended June 30, 2013. During the year the Fund’s return was 37.60%.
HBL Islamic Stock Fund
The Fund has declared final dividend/bonus at Rs.25.00 per unit for the year ended June 30, 2013. During the year the Fund’s return was 44.87%.
Unit holders whose names are appearing in the Unit Holder’s Register on June 28, 2013 will be entitled to Cash Dividend/Bonus units. The bonus units will be issued based on the Ex-Dividend Net Asset Value (NAV) of respective funds as on June 30, 2013. Sales/Redemption/transfer/conversion and pledge of units of HBL Funds will resume from July 8, 2013.