Monday, October 6, 2008

MAAKL Mutual declares distributions for 2 funds

TheEdge

KUALA LUMPUR: MAAKL Mutual Bhd has declared gross dividends of three sen per unit for MAAKL Al-Fauzan and one sen per unit for MAAKL Pacific Fund for the financial year ending Sept 30, 2008.

In a statement, MAAKL Mutual said the gross distributions represented gross distribution yields of 8.95% and 3.8%, respectively, based on the average net asset value per unit from Oct 1, 2007 to Sept 18, 2008.

MAAKL Mutual executive director and chief executive officer, Wong Boon Choy, said: “This is the third gross distribution declared for MAAKL Pacific Fund and the second declared for MAAKL Al-Fauzan since the funds’ inception in June 2005 and September 2005 respectively.”


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