Islamabad -- The Securities and Exchange Commission of Pakistan (SECP) has directed all asset management companies (AMCs) to provide a right to individual unit holders
to obtain a refund of their first time investment (cooling-off right) in an open end collective investment scheme (CIS).
United Growth and Income Fund (UGIF) announced bonus units of 3.3009 units for every 100 units held by the unit holder
. This is in addition to an aggregate payout of Rs 5.9860 per unit since July 1, 2009.
Because the trustee does not know the purchase price of each unit holder
's interests, the mast cannot compute cost depletion for the investors.
It sells beneficial interests (trust units) to investors to raise capital and distributes royalty income to unit holders
, net of management fees.
'Thirdly, it will not be possible to prevent a unit holder
from granting short term leases.
The distribution will be made on 16 September 2019 to unit holders
of record date as on 30 August 2019.
Furthermore, the AMCs are required to obtain duly signed acknowledgement from the unit holder
to ascertain that all the terms and conditions along with details of sales load to be deducted, have been read and understood by the unit holder
Also, the unit holders
may elect to receive their distribution in CAD and should contact their broker for the same.
Further, holders of class I units of the company will receive a distribution of US0.07125 per class I unit, unless the unit holder
has elected to receive it in CAD.
A Growth Unit holder
having 100 units of MSF as at March 20, 2012 will get 2.5912 additional units at the ex-dividend NAV of Rs.
Also, holders of class I units of the company will receive a distribution of USD0.07125 per unit, unless the unit holder
elects to receive the same in Canadian dollars.
Also, holders of the REIT's class A units will receive a distribution equal to the CAD equivalent (based on the USD/CAD exchange rate at the time of payment of the distribution) of USD0.07125 per class A unit, unless the unit holder
has elected to receive it in USD; holders of class I units of the REIT will receive a distribution of USD0.07125 per class I unit, unless the unit holder
has elected to receive it in CAD; and holders of units of subsidiaries of the REIT that are exchangeable into class U units (exchangeable units) will receive a distribution of USD0.07125 per unit.