BusinessTimes
AMANAH Saham Wawasan 2020 (ASW 2020) unitholders will receive an eight sen per unit income distribution for the year ended August 2007.
The eight sen income distribution is higher than the 6.8 sen paid out last year. It included a "special gift" of one sen per unit given out in conjunction with Malaysia's 50th Merdeka celebrations this year.
Fund manager, Permodalan Nasional Bhd, chairman Tan Sri Ahmad Sarji Abdul Hamid said the fund will pay out RM344.1 million as income distribution for the year just ended. The amount is 71.09 per cent higher than the RM201.11 million paid out last year.
"It will benefit 715,526 unitholders who currently hold 5.36 billion units of ASW 2020," Ahmad Sarji said in Kuala Lumpur yesterday.
Up until August 24 2007, ASW 2020 has recorded a gross income of RM530.23 million, an increase of 117.6 per cent from the RM243.65 million recorded in the previous corresponding period.
Profit from the sale of shares contributed RM292.75 million or 55.21 per cent, dividend income from invested companies contributed RM181.02 million or 34.14 per cent, and RM56.46 million or 10.65 per cent is derived from investments in short term instrument.
Ahmad Sarji said the calculations of income distribution this year will be based on lowest average monthly balance for the period of investment from September 1 2006 until August 31 2007.
The income distribution will be reinvested in the form of new units and will be credited to the unitholders' accounts automatically. Unitholders will be able to update their accounts at ASNB head office, ASNB branch offices or ASNB agents beginning next Monday. ASW 2020 is a fixed-priced equity fund open to Malaysians aged six and above.
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