KARACHI, July 6: The board of directors of HBL Asset Management Limited (the management company) for HBL Income Fund in its meeting announced dividend payout in the form of bonus units for the year ended June 30, 2007, says a press release.

HBL Income Fund declared a bonus unit distribution at Rs2.65 per unit which entitles each eligible Unit Holder 0.02648 bonus unit for each existing unit held on June 30, 2007. Unit holders who have opted to encash bonus units at the ex-dividend Net Asset Value (NAV) will receive cash payout based on ex-dividend NAV as of June 30, 2007.