KARACHI, July 18: The Atlas Asset Management Limited (AAML), an Atlas Group company, has announced the dividends for its two open-ended and one closed-ended mutual fund. It was announced by the Board of Directors of the AAML in its meeting held on Friday. The AMML launched its first fund — Atlas Income Fund — in 2004 now with net assets of Rs1,147 million declared a bonus of 9.75 per cent, which works out to be 9.7439 bonus units of value of Rs500.31 for every 100 units.

The second fund — Atlas Stock Market Fund -– launched in 2004 now with net assets of Rs918 million declared a bonus of 12.5 per cent on a performance of seven months which works out to be 19.44 per cent return on annualized basis. The unit-holders will be entitled to 12.4965 bonus units of the value of Rs500.14 for every 100 units.

The third fund — Atlas Fund — launched in December last year declared a bonus of 5 per cent over six months performance with amounts to 9.17 per cent yield on annualised basis.