Amanah Saham Malaysia (ASM) income distribution of 6.60 sen per unit for the financial year ended 31 March 2014 .

KUALA LUMPUR -- Amanah Saham Nasional Berhad (ASNB) , a wholly owned subsidiary of Permodalan Nasional Berhad (PNB) has announced today an income distribution of 6.60 sen per unit for Amanah Saham Malaysia (ASM) for the financial year ended 31 March 2014 .

The income distribution will involve a total payout of RM947.10 million benefiting more than 530, 000 unit holders who currently hold 14.34 billion units of ASM. Up until 17 March 2014, ASM has recorded a gross income of RM1.16 billion.

Profit from the sale of shares contributed RM544.94 million or 46.8% of the gross income. Dividend income from investment in companies contributed RM434.49 million or 37.4%, while the remaining income of RM183.39 million or 1 5.8% is derived from investments in short term instruments.

The calculation of the income distribution is based on the average minimum balance held throughout the financial year of ASM. As to enable the unit holders benefit the return from the growth of the ASM fund units, the income distribution will be reinvested in additional units and will be automatically credited into the unit holders’ a ccount on 1 April 2014.

To facilitate the calculation of income distribution, a ll ASM transactions will be suspended beginning 23 March to 3 1 March 2014 . Unit holders can update their ASM investment book beginning 1 April 2014 when transactions resume.

ASM is an ‘Equity - Income Fund’ aimed at providing unit holders a long-term investment opportunity that generates regular and competitive returns through a diversified portfolio of investments.