Final Income Distribution for the year ended 30 September 2020 for AHB
Posted October 7th, 2020 in Media Release 2020
For Immediate Release
PHB and MAM Announce Final Income Distribution for the year ended 30 September 2020 for AHB
Kuala Lumpur, 7 October 2020 - Pelaburan Hartanah Berhad (“PHB”), the sponsor of Amanah HarPelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn. Bhd. (MAM) are pleased to announce the second and final income distribution of Amanah Hartanah Bumiputera (AHB) of 2.40 sen a unit for the financial year ended 30 September 2020. This income distribution is in respect of 6-month period from 1 April 2020 to 30 September 2020. This consists of income distribution of 2.25 sen a unit and a bonus distribution of 0.15 sen a unit. The bonus income is distributable for the first 500,000 units held by the unit holders.
“The second 6-month period which ended on 30 September 2020, has been a challenging period due to the COVID-19 pandemic and the Movement Control Order (MCO). Despite the challenges, we are of the view that the 2.40 sen a unit or an annualised basis of slightly less than 5%, is still a competitive return for the 6-month period between April and September 2020”, said PHB’s Group Managing Director/Chief Executive Officer, Dato’ Mahmud Fauzi Muda.
He added, “During this period, PHB has allocated approximately RM32 million for its “Rent Relief Program”, to assist tenants impacted by the MCO. Reliefs in the form of rental waiver and deferment were given to tenants as part of our response to Government’s call to assist businesses”.
Earlier in April 2020, PHB and MAM had announced AHB interim income distribution of 2.30 sen a unit with a bonus distribution of 0.30 sen a unit for the six-month period ended 31 March 2020. This brings the total income distribution to 5.00 sen a unit, or a total distribution of RM188.05 million for the 12-month period ended 30 September 2020.The final income distribution of AHB is tax exempted and payable net of zakat, which will be credited directly into the unit holder’s bank account on 15 October 2020. For Employees Provident Fund (EPF) Member’s Investment Scheme, it will be credited into Account 1 of EPF.
AHB is a fixed-price shariah-compliant real estate backed unit trust fund. The minimum entry investment for individual investors is RM100. The Fund is designed to cater for investors looking for a platform that generates regular income and potentially consistent returns similar to saving opportunities.
PHB is the sponsor of AHB while MAM is the Fund Manager.
PHB and MAM Announce Interim Income Distribution & Bonus
Kuala Lumpur, 6th 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.