Karachi, HBL Asset Management Limited, a leading name in Pakistan’s asset management industry, has announced the approval of interim distributions for two of its prominent funds. This decision was made under the authority of the Board of Directors and with the approval of the Chief Executive Officer, reaffirming the company’s commitment to providing value to its unit holders.
The interim distributions pertain to the period ending on September 15, 2023, and they have been approved as follows:
HBL Cash Fund: Unit holders of this fund will receive a per unit cash dividend of 2.4155 Pakistani Rupees, equivalent to 2.42% of the opening Net Asset Value (NAV).
HBL Financial Sector Income Fund Plan 1: Unit holders of this fund will receive a per unit cash dividend of 2.4623 Pakistani Rupees, equivalent to 2.46% of the opening NAV.
These interim distributions are a token of appreciation from HBL Asset Management Limited to its unit holders, recognizing their trust and commitment to the company’s investment products. Unit holders who are eligible for these entitlements are those whose names are listed in the register of unit holders as of the close of business on September 15, 2023.
HBL Asset Management Limited remains dedicated to delivering consistent returns and value to its investors. The approval of these interim distributions underscores the company’s confidence in the performance of its funds and its commitment to sharing profits with its unit holders. The company will ensure the timely distribution of these entitlements to eligible unit holders, contributing to their overall returns on investment.