PHB and MAM Announce Interim Income Distribution

Press Release

For Immediate Release

PHB and MAM Announce Interim Income Distribution 

Kuala Lumpur, 6 April 2020 - Pelaburan Hartanah Berhad (“PHB”), the sponsor of Amanah Hartanah Bumiputera (“AHB” or “The Fund”), and Maybank Asset Management Sdn. Bhd. (“MAM”), the Fund Manager are pleased to announce the interim income distribution of Amanah Hartanah Bumiputera (AHB) of 2.60 sen a unit for the (6) six-month period ended 31 March 2020, for the first 500,000 units held by the unit holders. This consists of a basic income distribution of 2.30 sen a unit and a bonus distribution of 0.30 sen a unit. The bonus distribution is contributed by PHB, as the sponsor of AHB.

For institutional unit holders holding more than 500,000 units, the excess units will only be eligible for the basic income distribution of 2.30 sen a unit. As such, the interim income distribution for the institutional unit holders will range between 2.30 sen a unit to 2.60 sen a unit depending on the number of units held. The income distribution will benefit about 75,000 Bumiputera unit holders as well as 14 Bumiputera institutions. 

The interim income distribution of AHB is tax-exempt and payable net of zakat, which will be credited directly into the unit holder’s bank account on 14 April 2020. For Employees Provident Fund (“EPF”) Member’s Investment scheme, it will be credited into Account 1 of EPF.

AHB is a Shariah compliant real-estate backed trust fund with a fixed-price of RM1.00 per unit. It enables Bumiputera investors to participate in the beneficial ownership of real estate assets by providing them a regular and consistent income stream. The Fund is available for subscription at all Maybank, AmBank and AmBank Islamic branches nationwide. 

On issues relating to the current COVID 19 pandemic and the Movement Control Order (MCO), the Managing Director of PHB, Dato’ Mahmud Fauzi Muda informs that the company is finalizing a Rental Relief Programme to assist the affected retail tenants at their malls as well as other buildings. 


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