Amanah Saham Nasional Bhd (ASNB), a wholly-owned unit of Permodalan Nasional Bhd (PNB), announced an income distribution of 6.35 sen per unit for Amanah Saham Didik (ASD) for the financial year ending June 30 2010.
The income distribution would involve a total payment of RM207.75 million, an increase of 33.50 per cent compared with RM155.59 million paid last year. As of June 2010,there are 293,504 unit holders who collectively owned 3.59 billion units.
Until June 11, 2010, ASD recorded a gross income of RM258.33 million with dividend income from investee companies contributing RM89.09 million or 34.49 per cent to the total income.
Profits from the sale of shares contributed RM149.00 million or 57.68 per cent while the remaining income of RM20.24 million or 7.83 per cent was derived from investments in short-term instruments.
Since its launch in 2001, ASD has always been the preferred fund for Bumiputera investors who were interested to invest in their children’s education.
Up to May 31, 2010, the fund had received a total of 67,403 new unitholders, an increase of 29.96 per cent while net inflow of new funds also increased by 603.22 million units or 21.26 per cent.
ASD is a fixed priced equity-income fund aimed at providing investment opportunities which can generate long-term growth and competitive returns to unitholders.
The income distribution of ASD will be automatically re-invested in the form of units and credited into the unit holders’ accounts on July 1, 2010.
All transactions for ASD will be suspended between June 23 and June 30, 2010 to facilitate calculation of income distribution.
Click here to view historical dividend rate for ASD.