Karachi, AL Habib Asset Management Limited has announced interim distribution for two of its funds for the year ending June 30, 2023. The Chief Executive Officer, under the authority of the Board of Directors, has approved the following interim distribution:
AL Habib Money Market Fund: 0.1760 Rs. per unit, 0.1760% of NAV
AL Habib Islamic Cash Fund: 0.1485 Rs. per unit, 0.1485% of NAV
The interim distribution will be paid to the unit holders whose names appeared in the register of unit holders on May 7, 2023.
Interim distributions are payments made to unit holders of a fund during the financial year, usually paid out of profits earned by the fund from its investments. Such distributions can be a valuable source of income for investors who rely on regular payouts from their investments.