KARACHI – The chief executive on behalf of the board of directors of Arif Habib Investments Limited (AHI) Management Company has announced monthly dividends for two of its funds. Pakistan Income Enhancement Fund (PIEF) has announced an interim dividend of Rs 0.43 per unit.
An investor holding 100 units as of 25 January, 2011 get 0.8466 units on the ex-bonus price of Rs 50.79 per unit with the proportionate applying to actual holdings. The highest rated Money Market Fund, Pakistan Cash Management Fund (PCF) has announced a bonus distribution of Rs 0.42 per unit. An investor holding 100 units as of January 25, 2011 receives 0.8347 units on the ex-bonus price of Rs 50.3193 per unit with the proportionate applying to actual holdings.
The entitlements are paid to the unit holders whose names appeared in the register of unit holders on 25th January 2011. PIEF delivered annualised YTD (Year-to-Date) return of 9.68 percent against the industry average of negative 4.30 percent in the aggressive income funds category, allowing it to outperform with 13.98 percent against its peer group and PCF delivered annualized YTD (Year-to-Date) return of 11.41 percent against the industry average of 10.99 percent in Money Market Category, translating in a 0.42 percent lead against its peer group (as of January 26, 2011).
