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ASNB announces income distribution for ASD equity fund

June 21, 2012

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB), a wholly-owned unit of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.6 sen per unit for Amanah Saham Didik (ASD) for the financial year ended June 30, 2012.

ASD is a fixed price equity growth fund aimed at providing investment opportunity which can generate long-term growth and competitive returns to unit holders.

PNB chairman Ahmad Sarji Abdul Hamid said the income distribution was higher than the 6.5 sen per unit paid out in the previous corresponding year.

“The income distribution will involve a total payment of RM279.31 million, up 9.9% compared with RM254.1 million paid last year,” he told a press conference.

The income distribution will benefit 358,222 unit holders who collectively own 4.2 billion units in the equity fund.

Ahmad Sarji also said, via prudent investment strategies, the ASD unit trust had generated satisfactory returns, albeit, a challenging investment environment.

“As at June 18, ASD’s gross income fund stood at RM354.26 million, out of which dividend revenue from investments accounted for RM228.58 million or 64.5% of gross income.

Profits from the divestment of shares in investee companies contributed RM76.03 million or 21.65% while the remaining RM49.65 million accrued from revenue obtained from long-term investment instruments and others, he added.

“The income distribution rate is reasonable especially under current challenging times,” Ahmad Sarji added.

He also said the income distribution, calculated based on the average monthly minimum balance held throughout the financial year of ASD, would be automatically re-invested in the form of units and credited into the unit holders’ accounts on July 2.

All transactions for ASD, at ASNB offices and agents, will be suspended from June 22 until July 1 to facilitate the calculation of income distribution.

The income distribution statement and fund’s annual report will be sent to unit holders beginning mid-August.

Since its launch in 2001, ASD has always been the preferred fund for Bumiputera investors who are interested in investing for themselves and their children’s education.



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