Karachi, PICIC Asset Management Company Limited informed Pakistan Stock Exchange that the board of Directors meeting of the company is in progress due to which company was unable to communicate the financial results on August 26, 2016. The results of the meeting shall be conveyed on the next working day i.e. on August 29, 2016.
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.