We are pleased to inform that the Chief Executive of Al Meezan by virtue of authority delegated by the board has approved following interim payouts in open end funds under management of Al Meezan for FY 2013-14. This is in addition to payouts that have already been made during the year under consideration in these Funds and the other open end funds under management of Al Meezan.
Payout Summary
| Funds | Payouts* (Rs. per unit on face value Rs. 50) | Payouts as a % of opening Ex-NAV as at beginning of the year | Bonus Units per 100 Units Held on June 23, 2014*** | Previous Interim Payouts already paid (Rs. per unit on face value Rs. 50) | Return % for FYTD 2014* |
| Meezan Islamic Income Fund (MIIF) | 1.00 | 2.00% | 1.996 | 4.78 | 11.90 |
| Meezan Cash Fund (MCF) | 0.26 | 0.52% | 0.520 | 3.16 | 7.08 |
| Meezan Capital Preservation Fund – III** (MCPF-III) | 0.09 | 0.18% | 0.174 | 0.44 | 2.78 |
*For the period ended June 23, 2014
**The fund was launched on January 31, 2014
*** Proportionate will apply to actual holdings. Bonus units will be reflected in your account statement
-Unit holder who have opted for cash payout will receive cash dividend accordingly
By the grace of Almighty Allah and the valuable support and patronage of our investors, Al Meezan is the largest private sector asset management company in Pakistan with total assets under management of over Rs. 57 billion. It has AM2 rating by JCR-VIS denoting High Quality Management. Al Meezan offers a complete range of investment solutions to meet the varying investment needs of its investors which exceed 25,000 clients including over 400 institutional investors. We promise to continue in our endeavor to provide best possible Sharia’h compliant investment solutions and world class services.