Wednesday, July 2, 2008

RM15.4m for Pacific Mutual investors

TheEdge

PETALING JAYA: Pacific Mutual Fund Bhd has declared income distributions of between 0.4 sen and six sen per unit for five of its funds for their financial year and interim periods ended June 30, 2008.

For FY08, it has declared distribution of six sen per unit for Pacific Millennium Fund and Pacific Recovery Fund, 3.5 sen per unit for Pacific SELECT Balance Fund and 2.5 sen per unit for Pacific SELECT Income Fund, while for the interim period, it declared 0.4 sen per unit for Paciific Cash Fund.

The total distributions to be paid out amount to RM15.4 million.

In a statement yesterday, Pacific Mutual said these translated into yields of 9.8%, 10.7%, 6.4%, 4.8% and 0.8%, respectively, based on the net asset value per unit of the funds prior to the distribution.

“We are generally pleased to be able to offer consistent payouts to our investors, despite trying market conditions,” said Gary Gan, general manager, business development and marketing of Pacific Mutual, adding that the payouts were possible due to the respectable returns generated and prudent downside risk management achieved by the funds.


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