Karachi: UBL Fund Managers Limited has announced a cash generation activity for its UBL Pakistan Enterprise Exchange Traded Fund (UBLP-ETF) scheduled for July 16, 2025. The announcement was made in compliance with Section 96 of the Securities Act, 2015, Clause 5.6.1 of the Pakistan Stock Exchange Rule Book, and the Offering Document of UBLP-ETF.

During this activity, the dissemination of the indicative Net Asset Value (iNAV) will continue. However, it is noted that the iNAV will not accurately represent the underlying basket during this period. The fund managers have assured that they will update the exchange upon the completion of this activity.

According to information available from the Pakistan Stock Exchange (PSX), the cash generation activity is part of routine operations conducted by UBL Fund Managers Limited in managing the UBLP-ETF, which falls under the designated market category of exchange-traded funds.

The announcement also mentioned that the TRE Certificate Holders of the exchange have been informed about the activity. The fund managers have not specified an exact date for the completion of the cash generation activity but have committed to providing updates in due course.