ARACHI: National Investment Trust (NIT) declared distribution of interim cash dividends for all funds under its management for the year ending June 30, 2016 on Wednesday.
NIT is currently managing nine funds with assets of around Rs90 billion as of June 14, 2016.
For NI(U)T Fund: The board declared an interim cash dividend of Rs4.50 per unit against Rs4.25 the previous year. “The payment of dividend would involve a cash payout of about Rs4.50bn among its unit holders,” the NIT said in a statement. The size NI(U)T Fund stood at Rs67.1bn on June 14. NIT — Islamic Equity Fund (NIT-IEF): The board declared an interim dividend of Rs0.42 per unit.
NIT-State Enterprise Fund (NIT-SEF): An interim cash dividend of Re1 per unit was announced. The size of the fund being Rs2.21bn.
NIT — Equity Market Opportunity Fund (NIT-EMOF): Unit holders would receive Rs12.50 per unit in the form of cash as interim dividend. The size of the fund is Rs8.79 billion. NIT Government Bond Fund (NIT-GBF): The size of the fund is at Rs3.15bn and the interim distribution is at Rs0.75 per unit. NIT Income Fund (NIT-IF): Interim distribution of Rs0.76 per unit was announced. The size of the fund stands at about Rs2.45bn.
NIT Government Treasury Fund (NIT-GTF): It was launched on Jan 22, 2016. The board declared an interim distribution of Rs0.20 per unit for the year ending June 30, 2016. The fund managed about Rs0.89bn on June 14, 2016.
Courtesy : Dawn News