The Board of Directors of JS Investments Limited (JSIL), the Management Company of JS Income Fund (JS IF) and JS Aggressive Income Fund (JS AIF), in a meeting held on October 23, 2009 at Karachi, approved interim dividends for JS IF and JS AIF for the first quarter of FY 2009/10, ended September 30, 2009.
A pay out of Rs. 2.75 per unit of par value of Rs. 100/- (2.75%) was approved for JS IF while interim payout of Rs. 2.25 per unit of par value of Rs. 100/- (2.25%) was approved for the Unit Holders of JS AIF.
Unit Holders who have opted for cash payout will receive cash payment while Unit Holders who have opted for bonus units will be allocated units at the ex-net asset value at the close of business on October 16, 2009. The above entitlement will be paid to the Unit Holders, whose names appear in the register of Unit Holders at the close of business on October 16, 2009.
“We are proud of the fact that the income funds being managed by JSIL are amongst the best performing income funds of the industry”, said Najam Ali, CEO of JSIL. “We are extremely pleased by these results and hope to continue the exceptional performance throughout the current financial year.”
JS IF is the one of oldest Income Funds in Pakistan, being established in 2002, and has shown exceptional performance in the 7 years of existence.
