KUALA LUMPUR (April 6): Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd announced today the interim income distribution of Amanah Hartanah Bumiputera (AHB) at 2.6 sen a unit for the first 500,000 units held by the unit holders during the six-months ended 31 March 2020.

PHB is the sponsor, while Maybank Asset Management is the fund manager for AHB, which is a Shariah-compliant real-estate backed trust fund with a fixed-price of RM1 a unit.

In a joint statement today, PHB and Maybank Asset Management said the distribution consists of a basic income distribution of 2.3 sen a unit and a bonus payout of 0.3 sen a unit.

"The bonus distribution is contributed by PHB, as the sponsor of AHB,” PHB and Maybank Asset Management said.

"For institutional unit holders holding more than 500,000 units, the excess units will only be eligible for the basic income distribution of 2.30 sen a unit. As such, the interim income distribution for the institutional unit holders will range between 2.30 sen a unit to 2.60 sen a unit, depending on the number of units held. The income distribution will benefit about 75,000 Bumiputera unit holders, as well as 14 Bumiputera institutions.

"The interim income distribution of AHB is tax-exempt and payable net of zakat, which will be credited directly into the unit holder’s bank account on 14 April 2020. For Employees
Provident Fund Member’s Investment scheme, it will be credited into Account 1 of EPF,” PHB and Maybank Asset Management said.

On issues relating to the current Covid 19 pandemic and Malaysia’s Movement Control Order, PHB managing director Datuk Mahmud Fauzi Muda said in the statement that the company is finalising a rental relief programme to assist affected retail tenants at their malls, as well as other buildings.

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