UBL Fund announces payout

Thursday, January 07, 2010
KARACHI: UBL Fund Managers has announced an interim payout for the second quarter ended December 31, 2009 for its two funds.

For the UBL Liquidity Plus Fund (ULPF), it has announced a payout of Rs2.38 per unit of par value of Rs100. Unit holders holding 100 units as at December 31, 2009 will get 2.37 units on ex-dividend price of Rs100.24 per unit. This is in addition to the distribution of Rs2.45 per unit announced on October 1, 2009.

Unit holders who have opted for cash payout will receive cash dividend.

A payout of Rs1.55 per unit of par value of Rs100 has been announced for the United Growth & Income Fund (UGIF). Unit holders holding 100 units as at December 31, 2009 will get 1.55 units on ex-dividend price of Rs99.99 per unit. This is in addition to the distribution of Rs2.33 per unit announced on October 1, 2009. UBL Fund Managers is a wholly-owned subsidiary of the United Bank Ltd.