Karachi, UBL Stock Advantage Fund, another significant player listed on the Pakistan Stock Exchange, has revealed its latest financial figures for June 2024, showing a distribution yield alongside its offer and redemption prices.
The fund reported an offer price of 98.68 and a redemption price of 95.97. For the year ending in June 2024, the UBL Stock Advantage Fund declared a distribution rate of 5.50%, a slight increase from the previous year’s 4.42%, reflecting a proactive engagement in its revenue-sharing model with investors. This update is consistent with the fund’s historical performance and its commitment to providing competitive returns to its stakeholders.