November 20, 2009 14:44 PM

PNB Announces 5.5 Sen Per Unit Income Distribution For ASN3

KUALA LUMPUR, Nov 20 (Bernama) -- Permodalan Nasional Bhd (PNB) announced on Friday a 5.5 sen per unit income distribution for the Amanah Saham Nasional 3 (ASN 3) for the financial year ended Nov 30, 2009.

The income distribution will involve RM6.92 million in total payout to investors, said PNB chairman, Tun Ahmad Sarji Abdul Hamid at a media session here.

He also said based on the net asset value (NAV) of the ASN 3 of RM1.0729 per unit on Nov 19, the yield derived from the income distribution of 5.50 sen per unit is 5.40 per cent.

"The price returns for the ASN3 for the same period is 16.44 per cent.

"Therefore, based on the increase in NAV of the ASN 3 from 87.42 sen per unit on Nov 30, 2008 to RM1.0729 per unit on Nov 19, 2009, the total returns recorded by it is 22.73 per cent," he added.

As of Thursday, the ASN3 recorded RM7.94 million in gross income, up 13.27 per cent from RM7.01 million in the financial year ended Nov 30, 2008.

Of the amount, dividend income contributed RM2.17 million or 27.33 per cent, with profit from the sale of shares contributing RM3.91 million or 49.24 per cent while RM1.86 million or 23.43 per cent is derived from other income.

The income distribution of the ASN3 will be calculated based on the unit holdings on Nov 30, 2009, which is the last day of the financial year of the fund.

Ahmad Sarji said the income distribution paid will be re-invested into additional units of ASN3, which will be automatically credited into the unit holders' accounts, based on the NAV on Nov 30, 2009.

For those unit holders subscribing to the ASN3 through the Employees Provident Fund (EPF) Members' Investment Scheme, the income distribution will be credited directly into their respective accounts.

Up to Thursday, a total of 11,000 unit holders held a combined 125.5 million units of the ASN3.

The ASN3 is a variable-priced balanced fund with the objective of generating capital growth over the medium to long-term period by investing in a balanced portfolio of investments through re-investment of distribution, if any.

The ASN3 is open to all Malaysians aged 18 years and above.

-- BERNAMA

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