JS Investments Limited, JSIL has announced the financial results for selected Funds under its management for the fiscal year ended June 30, 2009.
The Board of Directors in a meeting held on July 07, 2009, reviewed the performance of the Income Funds and Capital Protected Funds under the management of JSIL and approved the final pay outs for the Unit Holders for the fiscal year. As per the results, JS Income Fund had a payout of Rs. 4.50 per unit, which is in addition to the already distributed interim dividends of Rs. 7.55 per unit, and equals to a total payout of 11.9248% of NAV, while JS Aggressive Income Fund had a payout per unit of Rs. 2.00, which is in addition to the interim distribution already paid at Rs.4.25 per unit, which was a payout on opening NAV of 6.2357%.
In the three Capital Protected Funds (CPF’s) that JSIL currently offers, CPF had a payout per unit of Rs. 3.00 which translates into a payout as per opening NAV of 2.7982%, while CPF II had a payout per unit of Rs. 6.50 i.e. 6.3626% of its opening NAV and CPF IV announced a payout per unit of Re. 0.50, a payout per opening NAV of 0.4978 %.
Principal Secure Fund I (PSF-I) which is the latest fund launched by JSIL in the capital protected funds series, had a payout per unit of Rs. 5.80 per unit on the face value of Rs. 100/-.
Unit Holders of our Income Funds that have opted for cash payout will receive cash payment while Unit Holders who have opted for bonus units will be allocated units on the net asset value as of close of business on June 30, 2009. The above entitlement will be paid to the Unit Holders whose names appear in the register of Unit Holders as of close of business on June 30, 2009.
Commenting on these financial results, Najam Ali, CEO of JSIL, said “Income Funds under the management of JSIL, especially JS Income Fund, have outperformed its industry peers. Despite severe volatile local environment, liquidity pressures and adverse political and security conditions, we have given our best to create value for our investors by continuously following prudent investment and asset allocation policies. Investors in our Capital Protected Funds have been able to preserve their capital while earning decent return on their investment in an environment that saw unprecedented down turn in the equity markets. We are very proud of these achievements and will continue to work diligently in the best interest of our unit holders.”
