Amanah Saham Wawasan 2020 (ASW 2020), income distribution of 6.70 sen per unit for the financial year ended 26 August 2013

KUALA LUMPUR - Amanah Saham Nasional Berhad (ASNB), a wholly owned subsidiary of Permodalan Nasional Berhad (PNB), today announced an income distribution of 6.70 sen per unit for Amanah Saham Wawasan 2020 (ASW 2020) for the financial year ended 31 August 2013.

This is an increase of 0.10 sen per unit compared with the income distribution announced last year.

This distribution rate is the highest recorded in the period of five years (2012 : 6.60 sen per unit; 2011 : 6.50 sen per unit; 2010: 6.35 sen per unit and 2009: 6.30 sen per unit).

The income distribution will involve a total payment of RM1.062 billion, an increase of 9.2% compared with the previous year's total payment of RM973.16 million.

It will benefit 899,967 unit holders which currently hold 15.8 billion units of ASW 2020.

Up until 25 August 2013, ASW 2020 has recorded a gross income of RM1.280 billion. Profit from the sale of shares contributed RM624.46 million or 48.8% of the gross income. Dividend income from investee companies contributed RM421.18 million or 32.9% while investment in short term instruments and other income contributed RM234.05 million or 18.3% of the gross income.

The calculation of income distribution will be based on the average monthly minimum balance held throughout the financial year of ASW 2020.

The income distribution will be reinvested and credited into the unit holders' accounts on 1 September 2013. All transactions for ASW 2020 has been suspended beginning 25 August 2013 to 1 September 2013 to facilitate the calculation of income distribution.

Unit holders will be able to update their accounts at ASNB head office, ASNB branch offices or ASNB agents beginning 2 September 2013.

Investors who participated in ASW 2020 through the Employees Provident Fund (EPF) Members' Investment Scheme will have their income distribution credited directly into their respective EPF accounts.
ASW 2020 unit holders will receive their income distribution statement together with the fund's annual report beginning mid October 2013.

ASW 2020 is an all-Malaysian fixed price equity fund in which 51% of its size is open for Bumiputera investors while 49% is open for non-Bumiputera investors aged 6 months and above.