NBP Income Fund of Fund Reports No Distributions for Third Consecutive Year

The NBP Income Fund of Fund, a listed open-end mutual fund on the Pakistan Stock Exchange (PSX), has reported no distributions for the year ending in June 2023. This is the third consecutive year that the fund, along with its various cash and income plans, has not made any distributions. The fund, which was listed in 2023, includes multiple plans such as the NBP Cash Plan - I and the NBP Cash Plan - II, both of which have reported no distributions for the years 2022, 2023, and 2024.

Key Takeaways:

• The NBP Income Fund of Fund reported no distributions for the year ending in June 2023 for all its plans, including the NBP Cash Plan - I and the NBP Cash Plan - II.
• The fund has not made any distributions for the years 2022, 2023, and 2024, indicating a consistent approach in its management strategy.
• The NBP Income Plan - I, another plan under the fund, also reported no distributions for the stated years with an offer price of 11.08 and a redemption price of 10.71.
• All listed plans under the NBP Income Fund of Fund have an open-end mutual fund designation and remain active in the market without declared distributions.
• The previous book closure for these funds was in 2023, demonstrating the fund's continued operation without distributions.
• The fund's management strategy has been consistent across all listed plans, indicating a disciplined approach to their operations.

Statistics:

• Offer price of NBP Cash Plan - I: 11.05
• Redemption price of NBP Cash Plan - I: 10.69
• Offer price of NBP Cash Plan - II: 10.35
• Redemption price of NBP Cash Plan - II: 10
• Offer price of NBP Income Plan - I: 11.08
• Redemption price of NBP Income Plan - I: 10.71
• Years without distributions: 2022, 2023, and 2024

Sources:

• Pakistan Stock Exchange (PSX) - dated October 24, 2024
• Pakistan Stock Exchange (PSX) - dated 2023 (listing information)