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22 May 2024

Friday, September 29, 2023

ASM 3 declares RM681m income distribution

Amanah Saham Nasional Bhd (ASNB) announced an income distribution payout of RM681.96 million for its fixed price fund, Amanah Saham Malaysia 3 (ASM 3), for the financial year ending Sept 30, 2023.

The payout benefitted 563,460 unitholders who currently own 15.2 billion units of the fund.

ASNB is Permodalan Nasional Bhd’s (PNB) wholly owned unit trust company.

PNB said the income distribution of 4.50 sen per unit outperformed the benchmark Maybank 12-month fixed deposit return of 2.86 percent by 164 basis points for the financial year up to Sept 27, 2023.

“The fund recorded a net realised income of RM653.88 million as of Sept 26, 2023,” it said in a statement today.

PNB said the income for ASM 3 was derived from realised gains, dividends, and other income from domestic and international investments.

“The fund continues its diversification strategy as the local equity market benefits from the return of foreign investor confidence and as the global market experiences positive returns on the back of the generative artificial intelligence revolution,” PNB said.

It noted that ASM 3’s income distribution computation was 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 also said ASM 3 transactions via ASNB branches and agents, including all online channels and internet banking, will be temporarily suspended from Sept 27 to 30.

“Unitholders may resume transactions at the myASNB portal, via myASNB mobile application on Oct 1, 2023, at any ASNB branches or its agents nationwide starting Oct 2, 2023,” it added.


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