Financial results of PICIC Growth Fund for period ended March 31, 2016

Karachi, PICIC Growth Fund informed Pakistan Stock Exchange about recommendations made by the board of directors in the meeting held at Karachi on April 29, 2016.

The agenda of the meeting was discussion of profit and loss account for nine months period and quarter ended March 31, 2016 which portrayed a profit of Rs. 170,284 with earnings per share 0.60 and 0.62, and a profit of Rs. 18,061 with earnings per share 0.06 and 0.37 respectively.

Further, nil payment of cash dividend, bonus shares and right shares was agreed.

PICIC Growth Fund is a closed-end equity scheme established under a Trust Deed executed between PICIC Asset Management Company Limited as the Management Company and Central Depository Company of Pakistan Limited as the Trustee. The principal business of the Fund is to invest in listed equity securities with an objective to generate capital growth. The fund is being managed by PICIC Asset Management Company Limited which is the Management Company. The fund is managed in accordance with the provisions of The Non-Banking Finance Companies Establishment and Regulation Rules, 2003, NBFC Rules, 2003. The certificates of the fund are quoted on the Karachi, Lahore and Islamabad Stock Exchanges of Pakistan. The registered office of the fund is situated at Karachi.

The symbol “PGF” is being used by the stock exchanges for the shares of PICIC Growth Fund.