Karachi, The Chief Executive Officer of Lakson Investments Limited, the Management Company overseeing the Lakson Islamic Money Market Fund, has sanctioned an interim distribution for the period ending September 05, 2023. This announcement comes as part of the ongoing financial operations of the fund under the authority of the Board of Directors.
Investors in the Lakson Islamic Money Market Fund will receive an interim distribution of PKR 1.8463 per unit. This amount represents 1.8463% of the par value of PKR 100 per unit. Notably, this interim distribution is in addition to the previously paid or distributed amount of PKR 1.8243 per unit, which constituted 1.8243% of the par value of PKR 100 per unit.
The interim distribution of PKR 1.8463 per unit will be disbursed to unit holders whose names were listed in the register of unit holders of the Funds at the close of the business day on August 06, September. This move aims to provide unit holders with a share of the fund's returns for the specified period.
Investors and stakeholders in the Lakson Islamic Money Market Fund can expect to receive their respective distributions in accordance with the fund's guidelines and procedures.
The announcement of this interim distribution reflects Lakson Investments Limited's commitment to delivering financial value to its unit holders and its dedication to transparent and responsible fund management. This news is expected to be well-received by investors as they witness the realization of their investments in the fund.