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Al Meezan Investment Management Limited (Al Meezan) is pleased to announce Fourth Interim dividend payout for its three funds; Meezan Islamic Income Fund (MIIF)  at Rs. 1.00 per unit, Meezan Sovereign Fund (MSF) with Rs. 0.88 per unit and Meezan Cash Fund (MCF) with  Rs. 0.85 per unit.
The payouts are in the form of bonus units to the Growth Unit holders and Cash Dividend to the Income Unit holders. A Growth Unit holder having 100 units of MIIF as at May 23, 2011 will get 1.9861 additional units at the ex-div. NAV of Rs50.35 while an Income Unit holder will get Cash Dividend of Rs. 1.00 per unit. A Growth Unit holder having 100 units of MSF as at May 23, 2011 will get 1.7593 additional units at the ex-div. NAV of Rs50.02 while an Income Unit holder will get Cash Dividend of Rs. 0.88 per unit.