KARACHI: The country’s largest asset management company, National Investment Trust (NIT), has announced interim distribution of all funds for outgoing financial year 2014-15.
The NIT is presently managing eight funds with assets under management of around Rs95 billion as of June 23, 2015. The board of directors of NIT has declared an interim cash dividend at Rs4.25 per unit for unit holders of NI(U)T for the year ending on June 30, 2015 compared to Rs4.10 per unit in the previous year.
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The board has declared an interim cash dividend of Rs4 per unit for the year ending June 30, 2015. The size of the fund stood around Rs3.2 billion as on June 23, 2015.
The NIT board has declared an interim dividend of Rs7.50 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 around Rs8.4 billion.
The board also has declared an interim distribution of Rs1.38 per unit compared to Rs0.75 per unit in the last year. It offered an annualised return of 13.92% up to June 23, 2015. The size of the fund stood around Rs3.7 billion.
The board of directors has declared an interim distribution of Rs1.21 per unit for the year ending on June 30, 2015 compared to Rs0.72 per unit in the previous year.
