PNB Announces 6.40 Sen Income Distribution For ASN3

KUALA LUMPUR, Nov 27 (Bernama) -- Permodalan Nasional Bhd (PNB) today announced an income distribution of 6.40 sen per unit for Amanah Saham Nasional 3 Imbang (ASN3) for the financial year ended Nov 30, 2013. This is an increase of 0.10 sen per unit compared with the income distribution of 6.30 sen per unit announced for the previous year. "The income distribution will involve a total payment of RM9.10 million and would benefit 11,942 unit holders who hold a combined 142.11 million units in ASN 3," said Chairman Tun Ahmad Sarji Abdul Hamid. He said, as at November 26, ASN3 recorded a gross income of RM11.37 million. Of the amount, profit from the sale of shares contributed RM5.65 million or 49.72 per cent while dividend income contributed RM3.31 million or 29.15 per cent. The rest of RM2.40 million or 21.13 per cent is derived from investment in short-term instruments and other income, Ahmad Sarji said. "Payment of the income distribution will be re-invested into additional units of ASN3, which will be automatically credited into the unit holders' accounts on December 1, 2013. "It will be calculated based on the net asset value on November 30, which is the last day of the financial year of the fund," said he added. The income distribution for unit holders who subscribed ASN3 through the Employees Provident Fund Members' Investment Scheme will be credited into their respective EPF investment accounts. All transactions for ASN3, at ASNB offices and agents, have been suspended from November 26 to December 1, 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 December 2. The income distribution statement and fund's annual report will be sent to unit holders beginning end of January. -- BERNAMA