Karachi: Al Meezan Investment Management Limited has announced interim payouts for the year ending June 30, 2025, across several of its open-end funds. The decision was authorized by the company's Chief Executive Officer, who acted under the delegated authority of the Board of Directors.
The funds and their respective cash dividends are as follows: the Meezan Islamic Income Fund (MIIF) and the Meezan Cash Fund (MCF) both declared a payout of Rs. 6.6721 and Rs. 6.6677 per unit, respectively, each representing a 13.34% payout as a percentage of the par value of Rs. 50. The Meezan Sovereign Fund (MSF) announced a payout of Rs. 6.4121 per unit, equivalent to 12.82%.
Further distributions include the Meezan Daily Income Fund (MDIF), which offers various plans. The MDIF - Meezan Munafa Plan I ("MDIF-MMPI") declared a payout of Rs. 6.3445 per unit, reflecting a 12.69% payout. The MDIF- Meezan Sehl Account Plan ("MDIF-SEHL") announced Rs. 5.0926 per unit, a 10.19% payout, while the MDIF - Meezan Super Saver Plan ("MDIF-MSSP") declared Rs. 6.2577 per unit, a 12.52% payout. Lastly, the Meezan Gold Fund (MGF) declared a payout of Rs. 3.5000 per unit, translating to a 7.00% payout.
According to information available from the Pakistan Stock Exchange (PSX), unit holders listed in the official register of these funds as of the close of business on June 19, 2025, will be eligible for the declared payouts. The designated market category for these transactions falls under open-end funds.
The announcement was made to ensure transparency and inform TRE Certificate Holders of the Exchange about these decisions. The payouts reflect the company's ongoing commitment to providing returns to its investors.