Al Meezan announces dividend

[Lahore_Real_Estate]

KARACHI: Al Meezan Investment Management Limited (Al Meezan) announced the second interim dividend of Rs 1.50 per unit i.e. 3 percent of the par value Rs 50 for Meezan Cash Fund (MCF) for the quarter ended March 31, 2010. 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 MCF as on March 31, 2010 will get 2.9721 additional units at the ex-div. NAV of Rs 50.47 while an income unit holder will get cash dividend of Rs 1.50 per unit. staff report