Friday 29 Mar 2024
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KUALA LUMPUR (June 28): Permodalan Nasional Bhd (PNB) announced today an income distribution of 6.25 sen per unit for unit holders of Amanah Saham Didik (ASD), a fixed price trust fund under Amanah Saham Nasional Bhd (ASNB), for the financial year ending June 30, 2018.

It also announced a distribution of 3.1 sen per unit for the variable price fund ASN Equity 2 under ASNB.

In a statement, PNB said ASD will be paying out a total of RM360.7 million in income distribution to over 290,000 unit holders who currently hold 5.845 billion units.

As at May 31, 2018, ASD recorded a net income of RM344.2 million for the first 11 months of its financial year, it said.

"Meanwhile, the income distribution for ASN Equity 2 involves a total payout of RM46.9 million, which will benefit over 29,000 unit holders with 1.512 billion units. This translates into a distribution yield of 5.40%. As at May 31, 2018, ASN Equity 2 recorded a net realised income of RM45.58 million for the first 11 months of its financial year," added PNB.

In the same statement, PNB group chairman Tan Sri Abdul Wahid Omar said PNB will continue to focus on the successful implementation of PNB's STRIVE-15 Strategic Plan 2017-2022 to generate sustainable returns for its unit holders going forward.

"Despite the challenging market environment where Bursa Malaysia declined by 5.53% or 97.6 points the past one year, we are pleased that PNB is able to continue delivering competitive realised returns during the financial year for both funds, ASD & ASN Equity 2," he added.

The calculation of the income distribution for ASD is based on the average minimum balance held throughout the fund's financial year, while the calculation of the income distribution for ASN Equity 2 is based on units held and the net asset value thereof as at June 30.

The distribution declared by both funds will be re-invested as additional units into the accounts of unit holders and will be automatically credited into unit holders' accounts on July 1, the statement read.

All transactions for ASD and ASN Equity 2 have been suspended beginning June 27, 2018 until June 30, 2018 to facilitate the calculation of income distribution, said PNB, adding unit holders will be able to check and update their accounts through ASNB's portal www.myasnb.com.my or at any ASNB branches from July 1.

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