Dividend payout

Pacific Balance Fund (PBF) to pay out over K3.1 million to shareholders

The Melanesian Trustee Services Limited (MTSL) announced today that following another successful year for PBF, its unit holders will receive distribution for 2015 at 0.24 toea per unit.

This is an increase of 0.05 toea from 2014 as per results announced early this year.

 MTSL general manager corporate services and governance, Lawrence Stephens said 20,000 unit holders who own shares will receive their shares.

Stephens said that the Board made this decision based on the availability of funds which updates the distribution to unit holders.