ASNB Declares 5.2 sen Dividend for ASN2 in 2010


Amanah Saham Nasional Berhad (ASNB), a wholly owned subsidiary of Permodalan Nasional Berhad (PNB) has announced an income distribution of 5.20 sen per unit for Amanah Saham Nasional 2 ( ASN 2) for the financial year ended June 30, 2010.

Based on the net asset value (NAV) growth of ASN 2 from RM0.9122 per unit on June 30, 2009 to RM1.0872 per unit on June 21, 2010, the total returns recorded for ASN 2 is 19.18 percent.

The income distribution will involve a total payment of RM11.2 million and would benefit a total of 9,237 unit holders who collectively owned 215 million units of ASN 2.

The fund performed better throughout the financial year ended June 30, 2010 compared to the previous corresponding period. This is in line with the encouraging performance of the country’s economy and local bourse which saw the FBM KLCI index increasing by 24.19 percent from 1,075.24 points recorded on June 30, 2009 to 1,335.29 points recorded on June 21, 2010.

Up until June 21, 2010 , ASN 2 has recorded a gross income of RM18.47 million, an increase of 70.54 percent compared to RM10.83 million recorded in the previous financial year. Of the amount, profit from the sale of shares contributed RM11.46 million or 62.05 percent, dividend income from investee companies contributed RM5.66 million or 30.64 percent while the remaining income of RM1.35 million or 7.31 percent is derived from other investments.

All transactions for ASN 2 at the ASNB offices and agents have been suspended from June 23, 2010 to June 30, 2010 to facilitate the calculation of income distribution.

ASN 2 unit holders can update their ASN 2 investment pass book at ASNB offices and agents nationwide beginning July 1, 2010.

The income distribution of ASN 2 will be calculated based on the unit holdings on June 30, 2010 which is the last day of the financial year of the fund. It will be re-invested into additional units of ASN 2 which will be automatically credited into the unit holders’ accounts, based on the NAV on June 30, 2010.

For the unitholders who subscribed to the ASN 2 through the Employees Provident Fund (EPF) Members’ Investment Scheme, the income distribution will be credited directly into their respective EPF accounts.

The income distribution statement and fund’s annual report will be sent to unit holders beginning end of August, 2010.

ASN 2 is a variable priced growth fund with the objective of generating reasonable level of distribution income and capital appreciation to the unit holders through a diversified portfolio of investments. It is opened to Malaysian Bumiputera investors aged 18 years and above. It is also listed in the Employees Provident Fund Members’ Investment Scheme.

Click here to view the historical ASN2 dividend rate.

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