AHB Declares Income Distribution Of 5% For The Year 2022

Kuala Lumpur, 6 October 2022 - Pelaburan Hartanah Berhad (PHB) and Maybank Asset Management Sdn. Bhd. (MAM) have announced the final income distribution of Amanah Hartanah Bumiputera (AHB) of 2.50 sen per unit for the six-month period ended 30 September 2022. This consists of a basic income distribution of 2.18 sen per unit and a bonus distribution of 0.32 sen per unit. The bonus distribution of 0.32 sen is contributed by PHB, as sponsor of AHB. Bonus distribution is only limited to the first 500,000 units held by unit holders.

Earlier in April 2022, PHB and MAM had announced AHB interim income distribution of 2.15 sen a unit with a bonus distribution of 0.35 sen a unit for the six-month period ended 31 March 2022. This brings the total income distribution to 5.00 sen a unit or equivalent to 5% per annum with a total distribution of RM183.06 million for the 12-month period ended 30 September 2022.

The Group Managing Director of PHB, Dato’ Mahmud Fauzi Muda said, "Despite prevailing market challenges, leasing activities have gradually improved in 2022 compared to 2021.

Dato’ Mahmud Fauzi, added, “With this latest income distribution, AHB has paid out approximately RM1.87 billion in dividend incomes to its shareholders since 2011. PHB is the sole operating arm of Yayasan Amanah Hartanah Bumiputera, a trust institution under the purview of the Malaysian Government. AHB’s price is fixed at RM1 per unit, with enticing features such as instant withdrawal, Shariah-compliance and twice-a-year income distribution.”

Ahmed Muzni Mohamed, the MAM’s Chief Executive Officer, said, “As announced during the interim income distribution in April 2022, we will continue to implement the re-investment scheme, under which income will be distributed in the form of units and/or cash, primarily to retail unit holders. Retail unit holders with an average minimum monthly balance of 10,000 units or less will receive the income distribution in cash, while those with more than 10,000 units will receive the income distribution in AHB units. Institutional unit holders will continue to receive income distributions in cash."

He added, “Investors who receive income distribution in AHB units have the option of converting their AHB units into cash at bank branches as AHB allows instant withdrawals or redemptions.”

Meanwhile, Dato’ Mahmud Fauzi mentioned, “Towards the end of 2022, AHB will be launching its mobile application “MyAHB” for unit holders to monitor and manage their AHB investments from the comfort of their own homes. MyAHB mobile app allows unit holders to view their investment portfolio and account balance or subscribe to additional units or redeem their investments online. It can also track recent transactions and download account statements.”

He further said, “This app is introduced to enhance user experiences, speed and conveniences especially to the younger generation whom are familiar with the digital platform.”

The income distribution of AHB is tax-exempt and payable net of zakat. The cash income distribution will be credited directly into the unit holder’s bank account while unit income distribution will be credited into the unit holder’s AHB account on 14 October 2022.

Posted October 6th, 2022 In Media Release 2022
Press Release
For Immediate Release

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