KUALA LUMPUR: Permodalan Nasional Bhd (PNB) has announced an income distribution of 4.25 sen per unit for its variable price fund, ASN Imbang (Mixed Asset Balance) 1 for the year ending November 2019.
This amounts to a total income distribution of RM55.53 million and translates into dividend yield of 4.51 per cent based on the net asset value (NAV) of the fund as at November 27.
The total payout would benefit over 46,600 unit holders with over 1.31 billion units, PNB said today.
As at October 31, ASN Imbang 1 recorded a net realised income of RM55.87 million for the first 11 months of its financial year.
PNB Group chairman Tan Sri Zeti Aziz said the domestic equity market had continued to be affected by increased uncertainties following developments on several fronts, in the international and domestic environments.
“While the challenging global economic climate is expected to persist, PNB remains committed to delivering the investment objective of the fund to generate reasonable return through balanced and diversified portfolio of investment,” she said in a statement.
The computation of the income distribution for ASN Imbang 1 is based on the units held and the NAV thereof as at November 30.
Distribution declared will be re-invested as additional units into the accounts of unit holders and automatically credited into their accounts on December 1.
All transactions for ASN Imbang 1 will be suspended from November 29 to December 1, to facilitate the computation of income distribution.