PNB declares 4.25 sen/unit income distribution for ASB

KUALA LUMPUR: Permodalan Nasional Bhd's subsidiary Amanah Saham Nasional Bhd has announced an income distribution of 3.5 sen and bonus of 0.75 sen per unit for its flagship Amanah Samah Bumiputra (ASB) fund in 2020.

All ASB unit holders will also receive a special 30th anniversary Ehsan payment of 0.75 sen per unit for their first 30,000 units.

The distribution will bring the total payout to RM7.6bil for 10.2 million unit holders holding 173.2 billion ASB units.

The payout outperforms Maybank's 12-month fixed deposit rate benchmark by 2.4%.

"ASB’s performance remains competitive relative to other low-risk investment instruments. ASB continues to be a sound option for individuals with a low risk profile and a long-term investment horizon," said PNB group chairman Tan Seri Dr Zeti Aziz in a statement.

This brings PNB’s cumulative income distribution payout since inception to RM211.4bil.

Meanwhile, PNB's announced a 2.02 sen per unit distribution for Amanah Saham Nasional (ASN), which represents a total distribution payout of RM36.6mil to 1.21 million unitholders with over 1.8 billion units.

This reflects a dividend yield of 3.18% based on the expected net asset value of the fund as at Dec 31, 2020.

As at 30 November 2020, ASN recorded a net income of RM44.3 million for the first 11 months of its financial year.

PNB's total assets under management (AUM) grew to RM320.5bil as at November 2020, which was a 2.7% increase from the previous year.

The total units in circulation for its 15 funds grew 3.4% to 263.2 billion units, with more than 200,000 accounts registered for the year bringing the total number of accounts to 14.5 million, with 12.2 million unique account holders.

Including the latest ASB distribution, the total payout across its funds amounted to RM11.2bil.

In his progress update, PNB president and chief executive Ahmad Zulqarnain Onn said there was good progress in PNB's portfolio diversification with international investments making a greater contribution to gross income.

"PNB’s financial performance has remained resilient amidst the challenging landscape. We have been able to progressively increase our AUM to more than RM320bil, reflecting the continuing trust of our unit holders.

"Our income distribution performance also remained competitive, outperforming the funds’ respective benchmarks," he said.

He added that PNB has continued to intensify its efforts to enrich and enhance unit holders’ experience and provide value to its unit holders through a range of new product offerings and services.

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