The management company of UTP-Income Fund (UTP-IF), JS ABAMCO Limited (formerly ABAMCO Limited) announced a stock dividend of 12.10% on the face value of Rs. 500/- per unit, i.e. Rs. 60.50. This serves as yet another remarkable testament, solidifying its ‘5-star’ PACRA rating.
Upon distribution of the stock dividend, the unit holders of the UTP-IF would receive 11.9188 units for every 100 units held by them at the ex-dividend Net Asset Value of Rs. 507.5998.
Continuing with its consistent performance from last year and remaining on top in the Fixed Income Fund category, the total net profit of UTP-IF for the year is 395.762 million, which works out to Rs. 63.70/- per unit.
JS ABAMCO Limited has an asset manager rating of ‘AM2’, which reflects the company’s very strong capacity to manage the risks inherent in asset management.