Golden Arrow Selected Stocks Fund Limited’s disclosure of conversion or cancellation of winding up of closed end fund as per NBFC and notified entities regulations (NBFCs and NE) 2008

Karachi, July 03, 2012 (PPI-OT): Further to our letter dated February 1, 2012 regarding the disclosure of conversion or cancellation or winding-up of Closed-End Fund, that as per Regulation 65 an Investment Company shall, upon expiry of every five yens from November 21, 2012 hold within one month of such period a meeting of the shareholders to seek their approval to convert the Investment Company into an Open-end Scheme or wind up the Investment Company.

To comply with the Regulation 65, of the NBFC Regulations, the Company will hold a meeting of the shareholders by December 21, 2012.

In this regard, all the Regulatory requirements will be complied and disclosed in due course of time.

For more information, Contact:
Muhammad Yaqoob
Company Secretary
Golden Arrow Selected Stocks Fund Limited
216-217, Continental Trade Centre,
Block-8, Clifton, Karachi – 74000.
PABX: 92 21 35371305-7,
Fax: 92 21 35373217
UAN: 111 253 465
E-mail: info@akdinvestment.com