PNB Announces Total Income Distribution Of RM1.55 Billion For Five Funds
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Permodalan Nasional Berhad (PNB) has announced a total income distribution payout of RM1.55 billion for five of its Amanah Saham Nasional Berhad (ASNB) funds, for the financial year ending 31 March 2021.

The five funds include two fixed price funds, Amanah Saham Bumiputera 2 (ASB 2) and Amanah Saham Malaysia (ASM) – and three variable price funds, ASN Equity 3, ASN Imbang 2, and ASN Sara 1.

PNB declared a dividend of 4.25% for ASB 2, translating into a total income distribution payout of RM488.2 million. This benefits a total of 459,416 unit holders who currently hold 11.5 billion units. For ASM, a total income distribution payout of RM851.2 million or 4.0% dividend was declared, benefitting 559,222 unit holders currently holding 21.3 billion units.

“As of March 25, 2021, ASB 2 recorded a net realised income of RM499 million, while ASM recorded a net realised income of RM727.6 million,” said PNB. “The performance of ASB 2 and ASM is benchmarked against the 1.95% return of Maybank’s 12-month fixed deposit.”

Meanwhile, PNB said ASN Equity 3, ASN Imbang 2, and ASN Sara 1 registered double-digit total returns of 18.7%, 17%, and 10.8% respectively. This was driven largely by the recovery of the equity markets from the lows in the year 2020. “These returns are benchmarked against the FTSE Bursa Malaysia Top 100 Index (FBM 100) and Maybank’s 12-month fixed deposit, at a ratio customised to each fund,” PNB said.

For ASN Equity 3, a total income distribution payout of RM76.4 million was declared, which is equivalent to 3.53 sen per unit to 86,306 unit holders with 2.2 billion units. Meanwhile, ASN Imbang 2 declared a total income distribution payout of RM45.4 million, which is equivalent to 3.11 sen per unit to 85,147 unit holders with 1.5 billion units, and ASN Sara 1 declared a total income distribution payout of RM91.8 million, which is equivalent to 3.52 sen per unit to 85,776 unit holders with 2.6 billion units.

“These represent a dividend yield of 3.15%-3.95%t for each fund, based on its respective net asset value (NAV) as of March 25, 2021,” said PNB. “The income distributions declared by these funds are derived from the funds’ realised gains, dividends and other income. Income from international investment grew significantly with contributions of 40% to 52% to each respective fund for the financial year to date, reflecting the positive impact of the diversification initiatives undertaken by these funds.”

(Source: The Edge Markets)

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