Pelaburan Hartanah Bhd (PHB), has announced a final interim dividend of 3.25 sen per unit for Amanah Hartanah Bumiputera Unit Trust Fund (AHB) for the period of six months ended 30th September 2011 which also its financial year end.
The total dividend for year 2011 is 5.42 sen for 10-month periods. It would translate to 6.5 percent annual return and comparable with the funds managed by Amanah Saham Nasional Berhad.
The income distribution is tax-exempted and will be directly credited into the unit holders associated bank accounts on 19th October 2011.
AHB is a fixed-price syariah-compliant real estate-backed unit trust fund launched on 29th November 2010 with 1 billion units with minimum investment of RM500. The initial 1 billion unit was fully subscribed in less than 3 months. However, investor is encouraged to enquire with any Maybank branch for availability of units.
PHB was set to expand the size of the fund and acquire more properties as part of its continuous efforts to promote Bumiputera ownership of prime commercial real estate in major cities.
The income distribution, if any, will be made on a six-monthly basis for periods ending 31st March and 30th September.
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.
AHB is managed by Mayban Investment Management Sdn. Bhd. (MIM), sponsored by PHB while the trustee of the fund is AmanahRaya Trustees Berhad.