Karachi: The unitholders of JS Momentum Factor ETF ("JSMFETF"), managed by JS Investments Limited ("15I1"), have received a cash dividend of Rs. 536 per share, representing 53.60% for the fiscal year ending June 30, 2024. This dividend was credited on August 23, 2024, directly into the designated bank accounts of those unitholders who provided valid identification and banking details.

The distribution follows a decision from the Board of Directors' meeting on July 30, 2024, where this dividend was approved. According to information available from the Pakistan Stock Exchange (PSX), the dividend crediting process involved the Central Depository Company of Pakistan Limited (CDC), which manages a comprehensive e-services web portal. This portal, known as the Centralized Cash Dividend Register (CCDR), facilitates the retrieval and record-keeping of dividend payments for listed companies' unitholders.

Furthermore, the CDC’s portal provides detailed reports on dividends, including those withheld due to incomplete or inaccurate unitholder information. To address withholdings, JS Investments advises unitholders to submit valid CNICs, correct bank details, and a 24-digit IBAN through their respective brokers or directly via the CDC Investor Account Services.

This system aims to streamline and secure the distribution of dividends, ensuring compliance with the Companies Act, 2017, and the Companies (Distribution of Dividends) Regulations, 2017. For unitholders needing to claim withheld dividends, JS Investments has made available an E-Dividend Mandate Form on its website to facilitate the correction of account details and the subsequent release of funds.

The notices of this dividend credit were published in "The News" and "Daily Jang" newspapers across Karachi, Lahore, and Islamabad on August 26, 2024.