AHB Declares Interim Income Distribution of 3.30 Sen
- AHB interim income distribution for 2016 is 3.30 sen.
- 10th income distribution in five years.
- PHB actively pursues new assets and lands for future development and injection into AHB.
Kuala Lumpur, 4 April 2016 – Pelaburan Hartanah Berhad (“PHB”) and Maybank Asset Management Sdn. Bhd. (“Maybank AM Malaysia”) today jointly announced Amanah Hartanah Bumiputera’s (“AHB” or “the Fund”) interim income distribution for 2016 of 3.30 sen a unit. The interim income distribution is for the six-month period ended 31 March 2016.
For cash investments, the income distribution will be credited directly into the unit holder’s bank account on 15 April 2016, while for the Employees Provident Fund (“EPF”) Member’s Investment Scheme, the income distribution will be credited into Account 1 of EPF.
AHB is a Shariah-compliant asset-backed fund with no sales charge imposed. The income distribution of AHB, if any, is payable on a six-monthly basis for periods ending 31 March and 30 September each year and is tax-exempted and payable net of zakat. Since its inception in 2010, it has distributed stable income to its unit holders.
Striding Forward Steadfastly
The announcement today demonstrates the stability of the Fund which has consistently paid out competitive income distributions. Datuk Kamalul Arifin Othman, the Group Managing Director and Chief Executive Officer of PHB said, “We are very pleased with the response from the Bumiputera public as we continue to be on the look out for suitable properties for possible injection into AHB and to further increase the fund size. On that note, we urge the public to be on the alert for future announcement regarding the increase in the fund size of AHB particularly to those who missed out previously”.
“On behalf of PHB, I am also pleased to announce that our very own newly completed properties, Menara 1 Sentrum and NU Sentral Shopping Centre, prominently located at KL Sentral, will soon be big contributors to the injection. At the same time, we are also actively pursuing new landbanks for future developments. Last year, we made our first foray in Terengganu with the signing of a Sale and Purchase Agreement with the State Government of Terengganu to acquire a parcel of commercial land in the capital city of Terengganu, with proposed plans to develop the site into a mixed integrated commercial development. All these are clear indication of our mission to strengthen PHB’s footing in ownership of prime and strategic commercial hubs across the country which will in turn further benefit our investors”, added Datuk Kamalul.
Badrul Hisyam Abu Bakar, Chief Executive Officer of Maybank AM Malaysia, said, “We are delighted that the latest AHB income distribution is 3.30 sen a unit for the six-month period ended 31 March 2016. Since inception up to September 2015, the fund has made a total of Ten (10) consistent income distributions to investors that amounted to an impressive RM421.8 million with units in issue that stood at 1.8 billion as of 31 March 2016. In March 2016, Maybank Asset Management was accorded an international recognition for the Fund as Best Islamic Product by Asia Asset Management Best of the Best Awards 2015 for its unique and salient features that meet the needs and requirements of Islamic investors. This further adds a boost of confidence for investors and serves as a solid testament that investors indeed are assured in the performance of the fund. The units are currently available for subscription by eligible Bumiputera individuals at all Maybank branches and its appointed distributors throughout the country.
Badrul added, “We are very pleased that we have received overwhelming response to AHB thus far and the Fund has received international recognition for being an attractive investment tool. While we continue to receive enquiries at Maybank branches nationwide, we remain confident that Bumiputera investors would reap benefits through participation in the beneficial ownership of prime real estate backed assets afforded by the low minimum entry point of the Fund coupled with its regular and consistent income distributions. We believe this is especially attractive to investors considering the volatile investment landscape today”.
End of Release -
About Maybank Asset Management Sdn. Bhd.
Maybank Asset Management Sdn. Bhd. (“Maybank AM” or“the Company”) is the asset management business arm of Malayan Banking Berhad’s (“Maybank”) that has regional footprint and on-the-ground presence in key markets of the region – Malaysia, Singapore, Thailand and Indonesia. The Company is a wholly-owned subsidiary of Maybank through Maybank Asset Management Group Berhad.
The Company has experience managing a diverse range of investments from equity, fixed income to money market instruments mainly on behalf of and for corporations, institutions, insurance and takaful companies and individual clients. In addition to that, the Company also offers unit trust and wholesale funds. As of 29 February 2016, the Company’s total asset under management stood at MYR19.2 billion.
About Pelaburan Hartanah Berhad (PHB)
Established in May 2006, Pelaburan Hartanah Berhad (PHB) is a real estate investment holding company and a subsidiary of Yayasan Amanah Hartanah Bumiputera. PHB is founded on the following core principles; enhance shareholder and investor values, practice sound corporate governance, foster innovation and growth, cultivate talent and reward performance. PHB goal is to enable long-term growth through managing, investing in and expanding its core businesses in the prime commercial real estate investment sector.
About Amanah Hartanah Bumiputera (AHB)
AHB is a fixed-price Shariah-compliant real estate backed unit trust fund which enables Bumiputera investors to participate in the beneficial ownership of real estate assets with a minimum entry investment of RM100. The Fund is designed for investors of medium risk appetite who wish to receive regular income and potentially higher returns secured through PHB’s strategic investments in prime commercial properties in highly sought after locations within the major cities of Malaysia.
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