EXTENSION IN MATURITY OF MEEZAN STRATEGIC ALLOCATION PLAN-I (MSAP-I) OF MEEZAN STRATEGIC ALLOCATION FUND
Thank you for investing in Meezan Strategic Allocation Plan-I (MSAP-I), a plan under management of Meezan Strategic Allocation Fund (MSAF) and entrusting us with the responsibility of managing your investments. We would like to inform you that the second maturity of MSAP-I is due on December 02, 2020, after completing its 4 years of operations. However, the maturity has been extended for another term of one year till December 02, 2021. During this extended period, you can redeem or convert your investment anytime without any exit charges/ bank end load / 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 Ninth Supplement to the Offering Document dated October 29, 2020 of MSAF.
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