Amanah Saham Nasional Bhd (ASNB) has announced a total income distribution payout of RM2 billion for its Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM) fixed price funds, for the financial year ending 31 March 2024.

Specifically, the total amount disbursed for the ASB 2 fund came up to RM670 million, with an income distribution of 5.25 sen per unit to 552,297 investors with 12.73 billion units. Meanwhile, the total income distribution payout for ASM reached RM1.33 billion, equivalent to 4.75 sen per unit, payable to 699,807 unitholders with 28.05 billion units.

“Both funds have sourced their earnings from realised gains and dividend income from both local and global equity investments amid a volatile backdrop of elevated inflation and growing economic downturn concerns. The funds are also reaping the rewards of diversification into other asset classes, such as real estate and private investment, with a greater emphasis on fixed income which provides stable recurring income to the funds,” the fund manager clarified in its statement.

ASNB – which is a wholly-owned subsidiary of Permodalan Nasional Bhd (PNB) – further shared that the distributions of ASB 2 and ASM translate to total returns of 5.25% and 4.75%, respectively. Both outperformed the benchmark of Maybank’s 12-month fixed deposit at 2.84%.

Additionally, ASNB explained that the income distribution for ASB 2 and ASM is computed based on the average minimum monthly balance held throughout the financial year of each fund.

ASB 2 and ASM investors should note that the income distribution declared will be automatically reinvested into their accounts on 1 April 2024. In the meantime, transactions for both funds will be suspended temporarily across all channels from today until 31 March 2024 to facilitate the computation of the income distribution.

“Unitholders may resume transactions at the myASNB portal or via the myASNB mobile application, or at any ASNB branches or agents nationwide on 1 April 2024,” the fund manager stated.

(Source: ASNB)

• TAGS:
• Amanah Saham Bumiputera 2
• Amanah Saham Bumiputera 2 (ASB2)
• Amanah Saham Malaysia
• Amanah Saham Malaysia (ASM)
• Amanah Saham Nasional Berhad
• ASNB
• Permodalan Nasional Berhad
• PNB