Amanah Saham Nasional Berhad (ASNB), a wholly owned subsidiary of PNB, recently announced an income distibution or dividends of 6.35 sen per unit for Amanah Saham Wawasan 2020 (ASW 2020) for the financial year ended 31 August 2010.
The income distribution will involve a total payment of RM777.53 million, an increase of 32.30% compared with the previous year’s total payment of RM587.70 million. It will benefit 892,825 unit holders which currently hold 13.1 billion units of ASW 2020,
For the 11 months until 6 August 2010, the fund received a total of 20,226 new accountholders, while net investments received during the year increased by 2.09 billion or 18.98%.
Up until 6 August 2010, ASW 2020 has recorded a gross income of RM887.05 million. Profit from the sale of shares contributed RM454.57 million or 51.20%; dividend income from investee companies contributed RM290.99 million or 32.80%, and RM141.49 million or 16 % is derived from investment in short term instruments and other income.
The calculation of income distribution this year will be based on the average monthly minimum balance held throughout the financial year beginning 1 September 2009 until 31 August 2010.
The income distribution will be reinvested in the form of new units and will automatically credited into to the unit holders’ accounts on 1 September 2010. All transactions for ASW 2020 will be suspended from 25 August 2010 to 31 August 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 September 2010.
Investors who participated in ASW 2020 through the Employees Provident Fund (EPF) Members’ Investment Scheme will have their income distribution credited directly into their respective EPF accounts.
Unit holders of ASW2020 will receive their income distribution statement together with the fund’s annual report beginning middle October 2010.
ASW 2020 is an all-Malaysian fixed price equity fund in which 51% of its size is open for Bumiputera investors while 49% is open for non-Bumiputera investors aged 6 months and above.It is also listed in the Employees Provident Fund Members’ Investment Scheme.
Click here to view historical ASW2020 dividend rates since it was launched in 1996.