Notice for Removal of Suspension of the issuance of Units in PIF and PIEF February 11, 2026
Dated: February 10, 2026
Notice for Removal of Suspension of the issuance of Units in Pakistan Income Fund (PIF) and Pakistan Income Enhancement Fund (PIEF)
Dear Unit Holders,
This notice is issued in continuation of our earlier communication dated September 25, 2025, regarding the suspension of issuance of fresh units in Pakistan Income Fund (“PIF”) and Pakistan Income Enhancement Fund (“PIEF”). The suspension was implemented due to the anticipated receipt of shares of Pace (Pakistan) Limited (“PACE”) as part of the full and final settlement of the defaulted Term Finance Certificates (TFCs) issued by PACE, held by both Funds.
We are pleased to inform you that the Funds have now received the following shares of Pace (Pakistan) Limited in full and final settlement of the outstanding principal and accrued markup on the defaulted TFCs:
- Pakistan Income Fund (PIF): 9,200,000 shares
- Pakistan Income Enhancement Fund (PIEF): 13,800,000 shares
In accordance with applicable accounting principles and the terms of the settlement, income equivalent to the market value of the shares on the date of receipt has been recognized in the books of accounts of both Funds.
With the receipt of these shares and the corresponding recognition in the books of accounts, the underlying reason for the suspension of issuance of fresh units (including investment, conversion-in, and transfer-in transactions) no longer exists. Accordingly, the suspension on issuance of fresh units in both PIF and PIEF is hereby lifted with effect from Wednesday, February 11, 2026. The Funds will now fully resume acceptance of fresh investments, conversions-in, and transfers-in, while continuing to process all unit-holder transactions including redemptions, conversions-out, and transfers-out in line with the provisions of the respective Offering Documents.
MCB Investment Management Limited remains committed to acting in the best interests of all unit holders and maintaining transparency in our operations. We appreciate your patience, understanding, and continued trust during this process.
For any query regarding the above, the Unit Holders may contact us at our 24/7 Helpline (+92-21) 11 11 ISAVE (47283) or drop us an email at [email protected] where our dedicated staff is available to serve you, round the clock.
Regards,
MCB Investment Management Limited