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4.75 sen income distribution for ASB 2, 4.25 sen for ASM

KUALA LUMPUR: Amanah Saham Nasional Bhd (ASNB) has declared an income distribution per unit of 4.75 sen to 439,543 unit holders for Amanah Saham Bumiputera 2 (ASB 2), for the financial year ending March 31, 2020.

ASB also announced an income distribution of 4.25 sen per unit to 553,188 unit holders for Amanah Saham Malaysia (ASM).

This brings total income distribution payout for the two funds to almost RM1.4 billion.

Permodalan Nasional Bhd (PNB) said as at February 29, ASB 2 had recorded a net realised income of RM413.30 million, while ASM a net realised income of RM646.70 million.

ASNB also declared an income distribution per unit of 3.25 sen to 89,327 unit holders for ASN Equity 3, 3.50 sen to 86,426 unit holders for ASN Imbang 2 and 4.55 sen to 69,872 unit holders for ASN Sara 1.

The total income distribution payout for the three funds amounted to RM228.7 million.

Given current unprecedented conditions, PNB cautioned that investors would continue to see companies facing earnings pressure.

This will not only be confined to the Malaysian market, but globally as well.

It said while the economic impact from current events would be widely felt, as an investor with a longer-term horizon, the expectation was for the market to recover over the medium and longer run, after establishing a new normal.

“In adapting to these changes, PNB is focused on tapping into the prospects offered by the market mispricing to ensure that it will be able to ride through this volatility.”

PNB added that it would continue to build the resilience of its investment portfolio amid the highly volatile market backdrop.

"This is to ensure PNB’s portfolio comprises well-managed companies that can ride through the market cycles,” it said.

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