Determination of Redemption Price. During the Initial Period, the Units shall not be redeemed. After the Initial Period, the Redemption Price shall be calculated and announced by the Management Company for every Dealing Day as specified in the Regulations, directives issued there under and the Offering Documents.
Determination of Redemption Price. 7.4.1 During the Initial Period, the Units shall not be redeemed.
7.4.2 After the Initial Period the Redemption (Repurchase) Price shall be equal to the Net Asset Value as of the close of the Business Day on which a correctly and properly filled redemption of units form is received within business hours as maybe announced by the Management Company from time to time, less:
a) Any Back-end Load;
b) Any taxes imposed by the Government; and
c) Such amount as the Management Company may consider an appropriate provision for Duties, Charges, Levies etc;
d) Such amount as the Management Company may consider an appropriate provision for Transaction Costs; such sum may be adjusted up to four paisa The Redemption (Repurchase) Price so determined shall apply to redemption requests, complete in all respects, received by the Distributor or the Management Company during the business hours (as announced by the Management Company from time to time) on the Business Day on which a correctly and properly filled redemption application is received. The Transaction Costs shall not normally be applied in determining Offer and Redemption Prices, however, if the Management Company is of the view that it is in the overall interest of the Holders, it may, in consultation and with the agreement of the Trustee, apply such charge either to the Offer or the Redemption Price. The Management Company may, however, apply Transaction Costs while determining Offer or Redemption prices, without consulting the Trustee provided the difference between the Offer Price and the Redemption Prices does not exceed five percent. The element of Transaction Costs taken into account in determining the prices and collected so, shall form a part of the Trust Property.
7.4.3 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.4.2(c) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Trust Property).
7.4.4 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.4.2(c) above exceeds the relevant amount of Duties and Charges, shall form part of the Trust Property. In the event that the amount paid as ...
Determination of Redemption Price. Redemption is not allowed during the Pre-IPO & IPO Period, however after the end of IPO Period, the Units shall be redeemable with applicable Exit Charges as defined in Annexure ‘B’ of the Offering Document of the Fund. The Redemption Price shall be calculated and announced by the Management Company for every Dealing Day as specified in the Regulations, directives issued there under and the Offering Documents.
Determination of Redemption Price. 11.3.1 During the Initial Period the Units shall not be redeemed.
11.3.2 After the Initial Period the Redemption Price shall be equal to the Net Asset Value as of the close of the Business Day, less:
(a) Any Back-end Load;
(b) Any Taxes imposed by the Government; and
(c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges;
(d) Any such amount as the Management Company may consider appropriate provision for Transaction Cost. Such sum shall be adjusted to the nearest paisa.
11.3.3 In the event that the amount deducted as provision for payment of Duties and Charges pursuant to sub-clause 11.3.2(c) is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of the provisions (except that such excess arises from any duties and charges levied with retrospective affect after the date of payment in which case such excess shall be recovered from the Trust Property).
11.3.4 In the event that amount deducted as provision for payment Duties and Charges pursuant to sub-clause 11.3.2(c) exceeds the relevant amount of Duties and Charges, such excess amount shall be refunded to the relevant unit holders.
11.3.5 In the event the Units are redeemed by any major Unit Holder in such period of time the Management Company believes may adversely affect the interest of Unit Holders, it may charge Contingent Load on such redemption. The details of which shall be disclosed in the Offering Document.
Determination of Redemption Price. 5.5.1 After the Initial Period the Redemption Price shall be equal to the Net Asset Value as of the close of the Business Day less:
a. Such amount as the Management Company may consider an appropriate provision for Duties and Charges.
b. Any Back end Load such amount to be adjusted downwards upto the nearest paisas.
5.5.2 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-claus 5.5.1 is insufficient to pay in full such Duties and Charges, such shortfall shall be recovered from the Management Company.
5.5.3 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 5.5.1
(a) exceeds the relevant amount of Duties and Charges. The Trustee shall refund such excess amount to the relevant Unit Holder.
5.5.4 The Redemption Price determined by the Management Company shall be made available to the public at the offices and branches of the Distribution Companies and shall also be published in one English newspaper on a daily basis with circulation in all major cities of Pakistan.
5.5.5 The Units will be redeemed at the Redemption Price prevailing on the date that the duly completed redemption form is received by the Management Company during banking hours
Determination of Redemption Price. During the Initial Period, the Units shall not be redeemed.
Determination of Redemption Price. 18.1 During the initial Period the Units shall not be redeemed.
18.2 After the Initial Period the Redemption Price shall be equal to the Net Asset Value as of the close of the Business Day, less:
(a) Any Back-end Load;
(b) Any Zakat/ taxes imposed by the Government; and
(c) Such amount as the Management Company may consider an appropriate provision for Duties and Charges; Such sum shall be adjusted downwards to the nearest two decimal places. The Redemption Price so determined shall apply to redemption requests, complete in all respects, received by the Distributor during the business hours on 91[that date.] The Management Company may announce different plans under different administrative arrangements with differing levels of Back-end Load. Consequently, the redemption Price may differ for Units issued under differing administrative arrangements and to different investors.
18.3 In the event that the amount deducted as provision for payment of Duties and Charges pursuant to sub-clause 18.2(c) is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of the Provisions.
Determination of Redemption Price. 7.4.1 During the Initial Period, the Units shall not be redeemed. After the Initial Period, the Redemption Price shall be calculated and announced by the Management Company for every Dealing Day.
7.4.2 After the Initial Period the Redemption Price shall be equal to the Net Asset Value as of the close of the preceding Dealing Day less:
a) Any Back-end Load as per the Offering Document;
b) Such amount as the Management Company may consider an appropriate Provision for Duties and Charges in accordance with the Regulations; and
c) Such amount as the Management Company may consider an appropriate provision for Transaction Costs. Such sum shall be adjusted up to four decimal places. Units will be redeemed to the investor(s) at the Redemption Price so determined for the preceding Dealing Day on the basis of completely and correctly filled redemption form(s) submitted by the investor(s) is/are received by the Distributor(s) or the Management Company during business hours. The Management Company will make arrangements, from time to time, for receiving redemption requests from outside Pakistan and will disclose these arrangements through its website and its Distributors and agents outside Pakistan. The Transaction Costs shall not normally be applied in determining Offer and Redemption Prices, however, if the Management Company is of the view that it is in the overall interest of the Holders, it may, under intimation to the Trustee, apply such charge either to the Offer or the Redemption Price. The Management Company may, however, apply Transaction Costs while determining Offer or Redemption prices, without consulting the Trustee provided the difference between the Offer Price and the Redemption Prices does not exceed five percent. The element of Transaction Costs taken into account in determining the prices and collected so, shall form a part of the Trust Property. In any case the cumulative Front-end Load and Back-end Load on a particular Unit would not exceed 5% of the NAV.
7.4.3 In the event that the amount paid as provision for payment of Duties and Charges pursuant to sub-clause 7.4.2(b) above is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of such provisions (except where such excess arises from any Duties and Charges levied with retroactive effect after the date of payment in which case such excess shall be recovered from the Trust Propert...
Determination of Redemption Price. 27.1 During the Initial Period, the Units shall not be redeemed. After the Initial Period the Redemption Price shall be equal to the sum of the Net Asset Value as of the close of the Business Day, less:
(a) Any Back-end Load as per details in the Offering Document but not exceeding five percent of the Net Asset Value; and
(b) Such amount as the Management Company may consider an appropriate provision for Duties and Charges; Such sum shall be rounded of to two decimal places. The Redemption Price so determined shall apply to redemption requests, complete in all respects, received by the Distributor before the Cut-Off time for that day.
27.2 In the event that the amount deducted as provision for payment of Duties and Charges pursuant to sub-Clause 27.1(b) is insufficient to pay in full such Duties and Charges, the Management Company shall be liable for the payment in full of the amount of such Duties and Charges in excess of the Provisions.
27.3 In the event that amount deducted as provision for payment of Duties and Charges pursuant to Clause 27.1(b) exceeds the relevant amount of Duties and Charges, such excess amount shall be paid to the unit holder.
27.4 The Redemption Price determined by the Management Company shall be made available to the public at the office and branches of the Distribution Company(s) and at the discretion of the Management Company may also be published in at least two newspaper, one in English and one in Urdu, circulating in Pakistan and on the Website of the Management Company by 6.30 p.m. or such other time as may be allowed by SECP.
Determination of Redemption Price. 7.4.1 During the Initial Period, the Units shall not be redeemed. After the Initial Period, the Redemption Price shall be calculated and announced by the Management Company for every Dealing Day.
7.4.2 After the Initial Period the Redemption Price shall be equal to the Net Asset Value as of the close of the Dealing Day less:
