NBP Income Fund of Fund Announces No Distributions for 2023

Strategic Insights -

The NBP Income Fund of Fund, a multi-plan fund that includes NBP Cash Plan - I, NBP Cash Plan - II, and NBP Income Plan - I, has decided to forgo distributing funds for the year 2023. This decision affects all plans under the umbrella, with no distributions noted for the past year. The fund's offer and redemption prices for June 2023 remain as follows: NBP Cash Plan - I is offered at 10.96 and redeemed at 10.6, NBP Cash Plan - II at 10.35 and 10, and NBP Income Plan - I at 10.99 and 10.62.

Key Takeaways:

  • The NBP Income Fund of Fund has announced no distributions for 2023, affecting all plans under its umbrella, including NBP Cash Plan - I, NBP Cash Plan - II, and NBP Income Plan - I.
  • The fund's offer and redemption prices for June 2023 are NBP Cash Plan - I (10.96 and 10.6), NBP Cash Plan - II (10.35 and 10), and NBP Income Plan - I (10.99 and 10.62).
  • The NBP Income Fund of Fund has maintained a general strategy, focusing on liquidity and stable returns for investors, in line with income funds' broader objectives in the financial market.
  • The fund is listed in the open-end mutual funds category on the Pakistan Stock Exchange (PSX), aiming to provide liquidity and returns through a mix of investments.
  • The fund's strategy and portfolio management details remain general, with no specific investment details disclosed.
  • The funds are scheduled to close their books for the previous year in 2023.

Statistics:

  • The offer price for NBP Cash Plan - I and NBP Cash Plan - II as of June 2023 is $10.96 and $10.35, respectively.
  • The redemption price for NBP Cash Plan - I and NBP Cash Plan - II as of June 2023 is $10.6 and $10, respectively.
  • The offer and redemption prices for NBP Income Plan - I as of June 2023 are $10.99 and $10.62, respectively.
  • All funds are scheduled to close their books for the previous year in 2023.

Sources:

  • Pakistan Stock Exchange (PSX)
  • NBP Income Fund of Fund
  • [Note: No explicit date was provided in the source material, therefore it cannot be confirmed when the announcement was made.]