HBL board declares dividend for its funds

KARACHI - The board of directors of HBL Asset Management Limited, the Management Company of HBL Income Fund, GBL Stock Fund, HBL Multi Asset Fund, has declared final dividend for its funds for the year ended on June 30,2008.



By (By our correspondent)

Published: Sat 12 Jul 2008, 11:54 PM

Last updated: Sun 5 Apr 2015, 12:49 PM

HBL board of directors approved dividend of Rs2.40 per unit for Income Fund in form of Bonus Units for Class "A" and Class "B" units and cash dividend of Rs2.40 per unit for Class "C" unit. The bonus units will be issued at the ex-dividend price of Rs100.17 per unit.

Those unit holders who have opted for bonus units will be eligible for 2.2959 units for every 100 units held.

Dividend for stock fund will be Rs5.85 per unit in form of bonus units for Class "A", Class "B" units and cash dividend of Rs5.85 per units for Class "C" unit. Those unit holders who have opted for bonus units will be eligible for Rs6.312 units for every 100 units held at the ex-dividend price of Rs92.68 per unit.

The board also declared dividend at Rs4 per unit in the form of bonus units for Class "A" Class "B" units and cash dividend of Rs4 per unit for Class "C" unit. The unit holders who have opted for bonus units will be eligible for Rs4.2886 units for every 100 units held at the ex-dividend prices of Rs93.27 per unit.


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