National Investment Trust Limited’s dividend announcement for the year ended June 30, 2011

National Investment Trust Limited’s dividend announcement for the year ended June 30, 2011

Karachi: We have to inform you that the Board of Directors of our company in their meeting held on July 05, 2011 at 12:00 Noon at the registered office of the National Investment Trust Limited (NITL) on 6th Floor, National Bank Building I.I. Chundrigar Road, Karachi approved Statement of Dividend Income, Capital Gains and Element of Income / Capital Gains received during the year ended June 30, 2011 of National Investment (Unit) Trust Fund [NI(U)T] and Statement of Amount Available for Distribution as at June 30, 2011 of National Investment Trust – Government Bond Fund [NIT-GBF] and National Investment Trust-Income Fund [NIT-IF]. The Board recommended the following:

 

Dividend
NI (U)T FUND Cash Rs. 4.0 per unit
NIT-GBF Distribution Rs. 1.0201 per unit
NIT-IF Distribution Rs. 1.0581 per unit

 

National Investment (Unit) Trust Statement of Dividend Income, Capital Gains and Element of Income/ Capital Gains Received During the Year Ended June 30, 2011

 

1. Revenue income Amount in Rupees
Dividend
Dividend received and lodged with the National Bank of Pakistan by the Fund during the year ended June 30, 2011, 1,914,787,219
Profit on bank deposits
Profit from profit and loss sharing account and on placements received during the year ended June 30, 2011. 41,850,902
Income from government securities
Discount income received upon maturity and sale of treasury bills 90,259,684
Income on sale / repurchase of units
Income on account of brokerage, transfer fee, difference on rounding off prices etc., received during the year ended June 30, 2011. 51,004,590
Other income 2,069,465
————-
Total revenue income received during the year 2,099,971,860
2. Capital gains
Net capital gains realized on securities sold during the year ended June 30, 2011. 816,553,654
3. Element of Income / (loss) and capital gains / (losses)
The element of income / (loss) and capital gains / (losses) included in the price of units issued less those redeemed during the year 3,357,265,109
————-
Total amount received during the year 6,273,790,623
4. Expenses
Expenses charged during the year ended June 30, 2011 1,124,274,456
————-
Total amount received less expenses charged during the year 5,149,516,167

 

Nit Government Bond fund Statement of Amount Available for Distribution As at June 30, 2011

 

Rupees in
Thousands
Undistributed income as at July 1, 2010 231,742
Final distribution for the period ended June 30, 2010 (228,292)
———
Total income for the year (including net total elements of income / (loss) and capital gains / (losses) included in prices of units issued less those in units redeemed 360,426
Total expense for the year (55,661)
———
304,765
———
Amount available for distribution as at June 30, 2011 308,215

 

Mr. Aamir Amin

Head of Finance

National Investment Trust Limited

Nit- Income Fund Statement of Amount Available for Distribution As at June 30, 2011

 

Rupees in
Thousands
Undistributed Income as at July 1, 2010 86,413
Final distribution for the period ended June 30, 2010 (77,698)
———
Total income for the year (including net total element of income / (loss) and capital Gains / (losses) include in prices of units issued those in units redeemed 243,569
Total expense for the year (36,844)
———
206,725
———
Amount available for distribution as at June 30, 2011 215,440

 

For more information, contact:
Syed Zubair Ahmed
Company Secretary
Mr. Aamir Amin
Head of Finance
National Investment Trust Limited
National Bank Building,
6th Floor I.I Chundrigar Road,
P.O. Box 5671, Karachi.74000,
Pakistan.
Tel: +9221 32412056-59
Fax: +9221 32417827
E-mail: info@nit.com.pk
Website: www.nit.com.pk

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