Karachi: MCB Investment Management Limited has announced a daily dividend distribution for the Pakistan Cash Management Fund (PCF), according to a statement released by the company. The announcement was made by the Chief Executive Officer of MCB Investment Management Limited, who acts as the management company of the fund, with approval from the Board of Directors.

The dividend payout is set at Re. 0.0299 per unit. This distribution will be applicable to all unit holders whose names were registered in the unit holder register at the close of business on November 26, 2024.

According to information available from the Pakistan Stock Exchange (PSX), the distribution is part of the fund's regular strategy to provide consistent returns to its investors. The Pakistan Cash Management Fund is known for its focus on providing liquidity and maintaining capital stability for its unit holders.

The approval of this daily distribution reflects the ongoing commitment of MCB Investment Management Limited to ensure timely and regular returns for investors in the Pakistan Cash Management Fund. The fund's management continues to work towards optimizing returns within the parameters of its investment policies and market conditions.