KARACHI - National Investment Trust Limited (NITL) has declared interim distribution for all Funds under its management for the year ending June 30, 2015. The announcements were made through a press release issued by NITL on June 24, 2015 after its Board of Directors approved the interim distribution for all Funds under its management. It was stated that NIT is presently managing eight Funds with assets under management of around Rs. 95 billion as on June 23, 2015.
The Board has declared an interim cash dividend @ Rs. 4.25 per unit for unit holders of NI(U)T for the year ending on June 30, 2015 as compared to Rs. 4.10 per unit for the year ended on 30th June 2014. The payment of dividend @ Rs.4.25 per unit would involve a huge cash payout of over Rs. 4,600 million among its unit holders. This dividend distribution along with appreciation in unit price offered a return of 17.92pc up to June 23, 2015. The size of NI(U)T Fund stood at about Rs. 72.2 billion.
NIT-State Enterprise Fund (NIT-SEF)
The Board has declared an interim cash dividend of Rs. 4.00 per unit for the year ending June 30, 2015. The size of the fund stood at about Rs 3.2 billion as on June 23, 2015.
NIT – Equity Market Opportunity Fund (NIT-EMOF)
The Board has declared an interim dividend of Rs. 7.50 per unit in the form of cash for the year ending June 30, 2015. This dividend along with the price appreciation in unit price offered a return of 11.90% up to June 23, 2015. The size of the fund stood at about Rs. 8.4 billion.
NIT Government Bond Fund
(NIT-GBF)
The Board has declared an interim distribution of Rs. 1.38 per unit for the year ending on 30th June 2015 as compared to Rs. 0.75 per unit for the year ended on 30th June 2014. The payout in the form of cash dividend along with price appreciation in unit price offered an annualized return of 13.92% up to June 23, 2015. The size of the fund stood at about Rs. 3.7 billion.
NIT Income Fund (NIT-IF)
The Board has declared an interim distribution of Rs. 1.21 per unit for the year ending on 30th June 2015 as compared to Rs. 0.72 per unit for the year ended on 30th June 2014. The payout in the form of cash dividend along with price appreciation in unit price offered an annualized return of 14.20pc up to June 23, 2015. The size of the fund stood at about Rs. 2.7 billion.