The Board of Directors of JS Investments Limited, the Management Company of JS Growth Fund, a closed-end equity fund, has approved interim cash dividends of 7.5%, i.e.Re. 0.75 per certificate. In addition, JS Growth Fund reported a net income of over Rs 661 million for the nine months ended March 31, 2011. This translates into earnings per certificate of Rs 2.18. The net assets of the fund as at March 31, 2011 were Rs 3.3 billion. The net asset value per certificate registered a 24.7% increase during the nine month period ended March 31, 2011 compared to its benchmark KSE 30 Index which increased by 21%, thus outperforming the benchmark by 3.7%. This was announced in a meeting held on April 21st 2011, which approved the financial results for the period ended March 31, 2011. The above entitlement will be paid to the certificate holders whose names appear in the register of certificate holders on the close of business on May 23, 2011. At the occasion, Rashid Mansur the CEO of JS Investments said “We are incredibly pleased by this announcement, as we are able to repay the trust of our investors through our continuing endeavour to realize the financial goals of our investors. We have once again put forth our expertise in consistently delivering value to our stakeholders and hope to continue this strong performance into the close of the current financial year.”
