KARACHI - The board of directors of Habib Asset Management Limited has declared interim dividend for the year ending on June 30, 2009 for the unit-holders of First Habib Income Fund. The board, in its meeting held on Monday announced Cash Dividend of Rs 1.75 per unit for the unit-holders having 'C class units and 1.7301 bonus units for every 100 units for other unit-holders. The dividend will be paid on the basis of unit held by unit holders as on May 4, 2009 The units of First Habib Income Fund were offered to the general public on May 30, 2007 and this is the fifth dividend announcement since then. The fund has already paid Rs 2.50 per unit as interim dividend for the current year ending on June 30, 2009. Last year, the fund paid total dividend of Rs 9.25 per unit. The payout since inception comes to Rs 15.00 per unit. The fund has earned a net income of Rs 74.37 million during the nine months ended on March 31, 2009. The fund size as at March 31, 2009 stood at Rs 1.62 billion and was mainly invested in bank deposits which constituted 53.48 percent of the net asset.