Amanah Saham Nasional Berhad (ASNB) announced first income distribution of 6.38 sen per unit for its latest product, Amanah Saham 1Malaysia (AS 1Malaysia) for the financial year ended 30 September 2010.
This translates into a payout of RM204.67 million and will benefit 259,162 unitholders who collectively own 4.02 billion units of AS 1Malaysia.
As of 21 September 2010, the AS 1Malaysia fund has recorded a gross income of RM294.05 million. Profit from the sale of shares contributed RM165.47 million or 56.3%; dividend income from investee companies contributed RM99.80 million or 33.9%, and RM28.78 million or 9.8 % is derived from investment in short term instruments and other income.
The calculation of income distribution is based on the average monthly minimum balance held throughout the financial year beginning 5 August 2009 until 30 September 2010.
The income distribution will be reinvested in the form of new units and will automatically be credited into the unit holders’ accounts on 1 October 2010. All transactions for AS 1Malaysia has been suspended beginning 21 September 2010 to 30 September 2010 to facilitate the calculation of income distribution.
Unit holders will be able to update their accounts at ASNB head office; ASNB branch offices or ASNB agents beginning 1 October 2010. They will receive their income distribution statement together with the fund’s annual report beginning middle November 2010.
AS 1Malaysia is an all-Malaysian fixed price equity fund in which 50% of its size is open for Bumiputera investors, 30% is allocated to Chinese, 15% for Indians and the rest for other Malaysians aged 18 years and above.
So far, 100 per cent of the quota given to the Chinese community has been subscribed while the units for Bumiputeras and Indians have remained largely unsubscribed.