Board meeting of PICIC Investment Funds to be held on August 26, 2016

Karachi, PICIC Investment Funds informed Pakistan Stock Exchange that the board meeting of the company is scheduled to be held on August 26, 2016 at Karachi. The agenda of the meeting shall be consideration of annual accounts for the period ended June 30, 2016.

Further, the closed period of the company shall be from August 19, 2016 to August 26, 2016 (both days inclusive).

PICIC Investment Fund is a closed-end scheme which is being managed by PICIC Asset Management Company Limited which is the Management Company and Central Depository Company of Pakistan is the Trustee of the Fund. The principal business of the Fund is to invest in listed equity securities with an objective to generate capital growth. The certificates of the Fund are listed on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the Fund is situated at Karachi.

JCR-VIS Credit Rating Company Limited has assessed the Fund’s performance ranking at ‘MFR 2-Star’ for the one-year, two-years and three-years period ended December 31, 2012. Management quality rating of ‘AM2-‘ has been assigned by JCR-VIS Credit Rating Company Limited to PICIC Asset Management Company Limited.

The symbol “PIF” is being used by the stock exchanges for the shares of PICIC Investment Funds.

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