Board of directors meeting of PICIC Investment Fund | Pakistan Company News

Board of directors meeting of PICIC Investment Fund

Karachi, PICIC Investment Fundinformed Pakistan Stock Exchange that board of directors meeting of the company will be held on April 23, 2018 at Karachi. The agenda of the meeting will to consider the Quarterly Accounts for the period ended March 31, 2018.

Further, the company has declared the closed period from April 16, 2018 to April 23, 2018.

PICIC Investment Fund is a closed-end scheme which is being managed by PICIC Asset Management Company Limited which is the Management Company and Central Depository Company of Pakistan is the Trustee of the Fund. The principal business of the Fund is to invest in listed equity securities with an objective to generate capital growth. The certificates of the Fund are listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Fund is situated at Karachi.

JCR-VIS Credit Rating Company Limited has assessed the Fund’s performance ranking at ‘MFR 2-Star’ for the one-year, two-years and three-years period ended December 31, 2012. Management quality rating of ‘AM2-‘ has been assigned by JCR-VIS Credit Rating Company Limited to PICIC Asset Management Company Limited.

The symbol “PIF” is being used by the stock exchanges for the shares of PICIC Investment Funds.