KUALA LUMPUR: Permodalan Nasional Bhd (PNB) said its unit trust arm Amanah Saham Nasional Bhd has declared a income distribution of RM681.96mil for its Amanah Saham Malaysia 3 fixed price fund.
In a statement, the state investment firm said the payout benefitted 563,460 unitholders holding 15.2 billion units of the fund.
PNB said the income distribution of 4.5 sen per unit outperformed its benchmark Maybank 12-Month Fixed Deposit return at 2.86% by 164 basis points for the financial year to-date up to Sept 27, 2023.
"The income for ASM 3 is derived from realised gains, dividends, as well as other income from domestic and international investments.
"The fund recorded RM653.88mil of net realised income as of Sept 26, 2023," it said.
Meanwhile, PNB said the fund continues its diversification strategy as the local equity market benefits from the return of confidence from foreign investors and the global market experienced positive returns on the back of the generative AI revolution.
It said the computation of the income distribution for ASM 3 is based on the average minimum monthly balance held throughout the fund's financial year.
"The distribution declared by ASM 3 will be automatically re-invested as additional units into unitholders’ accounts on Oct 1, 2023," it added.
Transactions for ASM 3 at ASNB branches and agents, including all online channels and internet banking, have been temporarily suspended from 27 to 30 September 2023.
Unitholders may resume transactions at myASNB portal (www.myasnb.com.my), or via myASNB mobile application on Oct 1, 2023, or at any ASNB branches or its agents nationwide starting Oct 2, 2023.
