AHB Declares 2.50 sen Interim Income Distribution for the Six-Months Ended 31 March 2023
Kuala Lumpur, 6 April 2023 - Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn. Bhd. (MAM) has declared an interim income distribution of 2.50 sen a unit for the six-month period ended 31 March 2023 for Amanah Hartanah Bumiputera (AHB). This consists of a basic income distribution of 2.20 sen a unit and a bonus distribution of 0.30 sen per unit for balances up to 500,000 units for each investor.
PHB Group Managing Director and Chief Executive Officer, Mohamad Damshal Awang Damit stated, “Since its inception in 2006 till 2011, PHB has been focusing on establishing a strong foundation for AHB's property portfolio through asset acquisitions and property developments. AHB portfolio grew around 12.7% annually from RM1.0 billion in 2011 to RM3.85 billion as of its financial year ended September 2022. Moving forward, PHB plans to accelerate its growth momentum by focusing more on investing in high-quality, income-producing assets to sustainably generate competitive market returns for AHB’s investors.”
Ahmed Muzni Mohamed, Chief Executive Officer of MAM, said, "As the Manager of AHB, it is heartening to note that while investors' household incomes may have been affected by the current inflationary environment, AHB unit subscription remains encouraging. This strongly suggests that investors have a high level of confidence in AHB and recognise the importance of AHB in their investment portfolio and financial planning process. This interim income distribution demonstrates AHB's stable feature, which we hope will entice many more subscribers."
PHB is also pleased to announce the appointment Bank Islam Malaysia Berhad (Bank Islam) as one of AHB’s distributors. The appointment of Bank Islam is part of PHB and MAM’s ongoing efforts to expand AHB distribution channels and reach to a wider range of market segments and investors. “We are delighted to welcome Bank Islam as our new distributor," said Mohamad Damshal. “Their expertise, market reach, and commitment to customer service make them an excellent partner for us. This appointment reinforces our commitment to providing our investors with easy access to high-quality investment products and services”.
AHB will pay out a total of RM110.3 million to its 72,000 unitholders for this interim income distribution. Income received by unitholders is not only tax-free, but also net of zakat. The unitholders can expect the income to be credited directly into their bank account or AHB unit trust account on 14 April 2023.
PHB is the sole operating arm of Yayasan Amanah Hartanah Bumiputera, a trust institution under the purview of the Malaysian Government. AHB is a Shariah compliant real-estate backed trust fund with a fixed price of RM1.00 per unit. It invests primarily in the beneficial ownership of commercial properties in prime locations in Malaysia with the aim of providing Bumiputera investors with a regular and consistent income stream while preserving their investment capital. Individual investors can subscribe to the Fund from as low as RM100 and make additional investments at a minimum of RM50. The Fund is available for subscription at all Maybank, AmBank, AmBank Islamic and Bank Islam branches nationwide.
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