Target First Fund – First Issuance in Egyptian Pounds has announced its first regular cash distribution to investment unit holders, with total distributions amounting to EGP 1,159,353.
The distribution represents the fund’s first cash profit distribution to holders of investment units under its first issuance denominated in Egyptian pounds.
The distribution forms part of the fund’s policy of providing monthly distributions at a rate of 1.5% to investment unit holders, in accordance with the fund’s approved investment policy and applicable rules and regulations.
Target First Fund seeks to provide investors with investment opportunities through a diversified portfolio of financial instruments while offering the benefit of regular cash distributions in line with the fund’s investment objectives.
Regular distributions provide investment unit holders with periodic cash flows alongside their investment in the fund, subject to the fund’s investment policy and applicable regulations.