ASB Pays 7.50 Sen Per Unit and Bonus of 1.00 Sen Per Unit for The Financial Year Ended 31 December 2014

KUALA LUMPUR: Amanah Saham Nasional Berhad (ASNB), a wholly-owned subsidiary of Permodalan Nasional Berhad (PNB) has announced an income distribution of 7.50 sen per unit and a bonus of 1.00 sen per unit for Skim Amanah Saham Bumiputera (ASB) for the financial year ended 31 December 2014.

The income distribution portion will involve a total payout of RM10.16 billion by ASNB, an increase of 10.8% compared to the RM9.17 billion paid out last year.

The bonus portion will involve a total payout of RM804.43 million by PNB, an increase of 19.0% compared to the RM675.93 million paid out last year.

PNB Chairman, Tun Ahmad Sarji Abdul Hamid said, the payment will benefit 8.6 million unit holders which currently hold a total of 137.07 billion units of ASB.

Total gross income of ASB on 16 December 2014 is estimated at RM10.55 billion. Dividend income from investee companies contributed RM4.64 billion or 44.0% of the gross income. Meanwhile, profit from the sale of shares contributed RM4.23 billion or 40.1% of the gross income and the balance of RM1.68 billion or 15.9% derived from other incomes.

The calculation of income distribution is based on the average monthly minimum balance held throughout the financial year of ASB ending 31 December 2014. The calculation of the bonus on the other hand is based on the average monthly minimum balance held by the unit holders in the past ten years, starting from 2005 up to 2014.

The income distribution and bonus will be automatically credited into the respective unit holders’ accounts. Unit holders will be able to update their accounts beginning 2 January 2015.

All transactions for ASB at ASNB head office, ASNB branch offices and agents would be suspended beginning 23 December 2014 until 1 January 2015, to facilitate the calculation of income distribution and bonus.

ASB is a fixed price equity income fund, opened for Bumiputera aged 6 months and above. This fund is aimed at generating long term, consistent and competitive returns to the unit holders whilst ensuring the preservation of capital at minimal risk tolerance level.