Al Meezan announces dividends

The Board of Directors of Al Meezan Investments announced distribution of dividends for its open end Meezan Islamic Income Fund (MIIF), Meezan Capital Protected Fund- I (MCPF-I) and Meezan Cash Fund (MCF) for the year ended June 30, 2009. According to the press release, the Board declared a final distribution for MIIF of Rs 1.75 per unit, in addition to interim dividends of Rs 3.02 per unit, making a total payout of Rs 4.77 per unit.

For MCF it is Rs 0.15 per unit (0.3 percent on the face value of Rs 50 per unit) and the dividend distribution for MCPF-I is Rs 0.35 per unit (0.7 percent on the opening NAV of Rs 49.80 per unit).

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