AHB Unitholders Get 2.17 sen Interim Dividend for March 2011

Amanah Hartanah Bumipureta

Pelaburan Hartanah Bhd (PHB), has announced its first interim dividend of 2.17 sen per unit for Amanah Hartanah Bumiputera Unit Trust Fund (AHB) for the period ending 31st March 2011.

The income distribution is for the period of 4 months. If the subsequent dividend payment is at similar rate, it would translate to 6.51 percent return per year. The figure is comparable with funds managed by Amanah Saham Nasional Berhad.

The dividend will involved a total payment of RM19 million. It is tax-exempted and will be credited into the unit holders’ accounts on 18th April 2011.

Currently, there are 60,000 unit holders of AHB, and almost 40,000 were small investors investing between RM500 and RM1,000.

AHB is a fixed-price syariah-compliant real estate-backed unit trust fund launched on 29th November 2010 with 1 billion units. PHB will offer another 500 million AHB units by year-end.

AHB’s financial year ends on Sept 30. Its income distribution, if any, will be made on a six-monthly basis for periods ending 31st March and 30th September every year.

Currently, PHB has 60-hectare land bank in the Klang Valley and Penang with expected gross development value of more than RM2 billion, he said.

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