9:55 am

PNB Declares 6.60 Sen Per Unit Income Distribution For AS1M

KUALA LUMPUR, Sept 27 (Bernama) -- Amanah Saham Nasional Bhd, a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.60 sen per unit for Amanah Saham 1Malaysia (AS1M) for the financial year ending Sept 30, 2012.

Chairman Tun Ahmad Sarji Abdul Hamid said the third income distribution was an increase of 0.10 sen per unit compared with 6.50 sen per unit announced last year.

He said the income distribution will involve a total payment of RM459.86 million, an increase of 49.1 per cent, compared with the previous year's total payment of RM308.40 million.

"A total of 336,411 unitholders, who currently held 8.02 billion units of AS1M, will benefit from the payout," he said when announcing the income distribution today.

Ahmad Sarji said that as at Sept 25, AS1M has recorded a gross income of RM577.4 million.

He said profit from share sales contributed RM158.1 million or 27.4 per cent while the remaining RM101 million or 17.5 per cent is derived from investments in short-term instruments and other income.

"Dividend income from investee companies contributed RM318.3 million or 55.1 per cent of the gross income," he said.

He said all income distribution will be automatically credited into unitholders' accounts on Oct 1.

Calculation of the AS1M income distribution will be based on the average monthly minimum balance held throughout the financial year of the fund, he added.

AS1M is a fixed price fund with a size of 10 billion units with 50 per cent of the approved size is open for Bumiputera investors, 30 per cent is allocated to Chinese, 15 per cent for Indians and the rest for other Malaysians.

-- BERNAMA

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