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AHIL ANNOUNCES INTERIM DISTRIBUTION FOR PCF, MCB CMOP AND PIEF.

Aril Habib Investments Limited (AHIL), a subsidiary of MCB Bank Ltd has declared interim distribution for all unit holders of three of its Open end Mutual Funds namely Pakistan Cash Management Fund (PCF), MCB Cash Management Optimizer (MCB CMOP) and Pakistan Income Enhancement Fund (PIEF).

Interim monthly dividend of Re. 0.4328 per unit has been announced for unit holders of Pakistan Cash Management Fund who had opted for cash dividends, while for unit holders opting for bonus units, for each 100 units as of May 25, 2012 will get 0.8623 units on the ex-bonus price of Rs. 50.1920 per unit, the proportionate will apply to actual holdings. The Year to Date annualized return of PCF is 11.5% where as the Year to Date annualized dividend yield is 10.45%.

Interim distribution of Rs. 1.7021 per unit has been announced for unit holders of MCB Cash Management Optimizer Fund, who were invested in the fund at the close of business hours as of May 28, 2012 on the basis of Net Assets value of the fund applicable for May 28, 2012 The unit holders of cash dividend (CD) units will be entitled for cash dividends and the unit holders having Growth and Income Units will get 1.7021 units on ex-bonus price of Rs. 100 per unit, the proportionate will apply to actual holdings. The Year to Date annualized return of MCB CMOP is 11 4% where as the Year to Date annualized dividend yield is 11.23%.

Interim monthly dividend of Re. 0.3510 per unit has been announced for unit holders of Pakistan Income Enhancement Fund who had opted for cash dividends, while for unit holders opting for bonus units. for each 100 units as of May 25, 2012 will get 0.6744 units on the ex-bonus price of Rs. 52.05 per unit, the proportionate will apply to actual holdings. The Year to Date annualized return of PIEF is 9.4% where as the Year to Date annualized dividend yield is 8.96%.

Arif Habib Investments Limited (a subsidiary of MCB Bank Ltd), enjoys one of the highest Asset Manager rating of 'AM2'assigned by PACRA AHIL is currently managing Rs.39.5 billion as of April 30th, 2012 in 16 Open end Mutual Funds, 2 Voluntary Pension Funds and investment plans. AHIL has the distinction of winning the confidence of highest number of investors in the private sector.

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Publication:Pakistan & Gulf Economist
Date:Jun 10, 2012
Words:405
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