Daily Express Subscriber
Sign in to your account.

Kuala Lumpur: Amanah Saham Nasional Bhd (ASNB) Tuesday announced an income distribution of 6.3 sen per unit for Amanah Saham Nasional 3 Imbang (ASN 3), for the financial year ending Nov 30, 2012, an increase of 0.3 sen compared with six sen per unit last year. Permodalan Nasional Bhd (PNB) Chairman Tun Ahmad Sarji Abdul Hamid said the income distribution would involve a total payment of RM8.11 million and benefit 11,652 unitholders who hold a combined total of 128.81 million units in ASN 3.

Announcing the performance of ASN 3, he said of the amount, dividend income contributed RM4.11 million or 38.27 per cent, profit from the sale of shares accounted for RM4.09 million (38.08 per cent) while RM2.54 million (23.65 per cent) was derived from investment in short-term instruments and other income.

Ahmad Sarji said the income distribution for ASN 3 would be calculated based on the unit holdings as of Nov 30, 2012, which is the last day of the financial year of the fund.

It will be re-invested into additional units of ASN 3, which will be automatically credited into the unitholders' accounts, based on the net asset value on Nov 30, 2012.

He said all transactions for ASN 3 at the ASNB offices and agents have been suspended from Tuesday to December 2 this year to facilitate the calculation of the income distribution. Commenting further, PNB President and Chief Executive Officer Tan Sri Hamad Kama Piah Che Othman said it has capacity to pay up to 14 sen per unit but had decided to pay 6.3 sen per unit, which was appropriate after taking into account its modest risk.

"So far, we have announced income distribution for seven unit trusts which involved RM2.566 billion.

Only two are left which are Amanah Saham Bumiputera and Amanah Saham Nasional which will be announced next month," he said.

ASN 3 is a variable priced balanced fund with the objective of generating capital growth over the medium to long-term period by investing in a balanced portfolio of investments through reinvestment of distribution, if any.

ASNB is a wholly-owned subsidiary of PNB which manages unit trust funds launched by the latter. - Bernama