Karachi, HBL Asset Management Limited, under the directive of its Chief Executive Officer and the authority of the Board of Directors, has announced an interim cash dividend for the period ending on August 4, 2023. The dividend distribution pertains to the HBL Islamic Money Market Fund and is based on a calculated per unit amount.
According to the provided information, HBL Islamic Money Market Fund will issue a per unit cash dividend of Pak Rupees 0.1665. This dividend equates to approximately 0.24% of the fund's opening Ex-NAV (Exchange Net Asset Value) as of July 1, 2023.
Unit holders of the HBL Islamic Money Market Fund whose names appear in the register of unit holders as of the close of business on August 4, 2023, will be eligible to receive this entitlement. This dividend distribution reflects HBL Asset Management Limited's commitment to providing returns to its unit holders in line with the fund's performance and investment objectives.
Investors and unit holders are anticipated to closely monitor the impact of this interim cash dividend on their portfolios and overall investment strategy. The distribution of dividends often serves as a means of rewarding investors while highlighting the fund's performance in delivering returns, even in the short term.
The decision to declare an interim cash dividend underscores HBL Asset Management Limited's dedication to transparency and its responsibility to its unit holders. The proactive approach of the company in providing timely returns to investors aligns with industry best practices and reinforces its position as a reputable player in the asset management sector.
As the distribution date approaches, unit holders are advised to ensure that their names are correctly registered in the unit holders' records to ensure a smooth receipt of the declared cash dividend. The dividend's impact on investors' returns and its contribution to their overall investment goals will be of particular interest to those invested in the HBL Islamic Money Market Fund.
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