ASN 2 Income Distribution At 7.10 Sen Per Unit 27 June 2013

KUALA LUMPUR - Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB) has announced an income distribution of 7.10 sen per unit for Amanah Saham Nasional 2 (ASN 2) for the financial year ended 30 June 2013.

This is an increase of 0.60 sen per unit compared to the dividend paid out last year (2012: 6.50 sen per unit). In fact, this is the highest payout for the past 13 years since 2001 until 2012 (2001 to 2012 : around 5.00 sen per unit to 6.50 sen per unit).

The income distribution portion will involve a total payout of RM12.61 million which will benefit 8,145 unit holders who subscribe to 178 million units. 

PNB Chairman, Tun Ahmad Sarji Abdul Hamid said, the ASN 2 performance throughout its financial year ended 30 June 2013 was generally satisfactory, despite the uncertainty of the share market and world economy due to the economic instability in the US, as well as the continuous Eurozone debt crisis.

However, the predicament was remedied by the influx of foreign funds and the implementation of the Economic Transformation Programme (ETP) by the Government. The FBM KLCI Index registered an increase of 8.86%, from 1,599.15 points recorded on 29 June 2012 to 1,740.76 points recorded on 26 June 2013.

Until 26 June 2013, ASN 2 has recorded a gross income of RM19.10 million. From the amount, profit from the sale of shares contributed RM9.69 million or 50.7%, followed by dividend income from investment in companies which contributed RM7.70 million or 40.3%, while the balance of RM1.71 million or 9.0% derived from other instruments.

The income distribution is calculated based on the units held on the last day of the ASN 2 financial year ended 30 June 2013. The income distribution payment will be re-invested into additional units and will be automatically credited into the unit holders' accounts based on the net asset value as at 30 June 2013, whilst the income distribution payment for unit holders who subscribe through the Employees Provident Fund Scheme (EPF) will be credited into their EPF accounts respectively.

Unit holders will be able to update their ASN 2 accounts beginning 1 July 2013 at any ASNB offices or ASNB agents nationwide. All transactions for ASN 2 at the ASNB headquarters, ASNB offices and agents have been suspended beginning 27 June 2013 until 30 June 2013 to facilitate the calculation of income distribution, and will resume transactions on 1 July 2013.

ASN 2 is a variable priced Equity Growth Fund. Launched in 1999, ASN 2 provides the opportunity for the unit holders to generate reasonable dividend yield as well as capital appreciation at an acceptable level of risk through a diversified portfolio of investments.

ASN 2 performance in terms of its total returns and yield can be compared to other instruments with similar features and risk levels.