NIT announces interim dividend for all funds

KARACHI: The board of the National Investment Trust Limited (NIT) has approved interim dividend for all funds under its management for the year ending June 30, 2017, a statement said on Thursday.

NIT is presently managing 10 funds with assets under management of around Rs111 billion as of June 21, 2017, it added. The board has declared an interim cash dividend of Rs4.50/unit for unit holders of NI(U)T fund for the year ending June 30, 2017.

The dividend payment would involve a cash payout of around Rs4.305 billion among its unit holders. The size of NI(U)T Fund stood at around Rs83.18 billion as of June 21, 2017. NIT has declared an interim dividend of Rs0.50/unit for the year ending June 30, 2017 for Islamic Equity Fund (NIT-IEF), the statement said, adding that the size of the fund stood at around Rs4.65 billion as of June 21, 2017.

NIT declared an interim cash dividend of Rs2.75/unit for the on State Enterprise Fund (NIT-SEF). The size of the fund stood at around Rs3.13 billion as of June 21, 2017.

The NIT board declared an interim dividend of Rs12.50/unit in the form of cash for the year ending June 30, 2017 on Equity Market Opportunity Fund (NIT-EMOF), it said, adding that the size of the fund stood at around Rs10.48 billion as of June 21, 2017.

Moreover, NIT announced Rs0.52/unit on NIT Government Bond Fund (NIT-GBF); Rs0.55/unit on NIT Income Fund (NIT-IF); Rs0.47/unit on NIT Government Treasury Fund (NIT-GTF); and Rs0.43/unit for the unit holders of NIT Islamic Income Fund (NIT-IIF).