Karachi, PICIC Investment Fund informed Pakistan Stock Exchange about the recommendations made by the Board of Directors in the meeting held at Karachi on February 26, 2018.
The agenda of the meeting was discussion of profit and loss account for quarter ended December 31, 2017 which portrayed a loss of Rs. 13,763 with loss per share 0.05 basic and diluted respectively.
Further, nil payment of cash dividend, bonus shares and right shares was agreed.
“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.”