EXTENSION IN MATURITY OF MEEZAN ASSET ALLOCATION PLAN-I (MAAP-I)
Thank you for investing in Meezan Asset Allocation Plan-I (MAAP-I), a plan under management of Meezan Financial Planning Fund of Funds (MFPF) and entrusting us with the responsibility of managing your investments. We would like to inform you that the third maturity of MAAP-I is due on November 24, 2020, after completing its 5 years of operations. However, the maturity has been extended for another term of one year till November 24, 2021. During this extended period, you can redeem or convert your investment anytime without any exit charges/ penalty or contingent load. The extension in maturity has been consented by the Central Depository Company of Pakistan (Custodian/Trustee) and approved by the Securities and Exchange Commission of Pakistan (Regulator/SECP) vide Fourth Supplementary Offering Document dated October 28, 2020 of MFPF.
Should you require any further clarification on this investment or any other investment products of Al Meezan, kindly contact your investment advisor or give us a call on our Toll Free number 0800 – 42525.