KUALA LUMPUR (April 6): Amanah Hartanah Bumiputera (AHB) has declared an interim income distribution of 2.5 sen a unit for the six-month period ended March 31, 2023.
This consists of a basic income distribution of 2.2 sen a unit and a bonus distribution of 0.3 sen per unit for balances up to 500,000 units for each investor, Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd said in a joint statement on Thursday (April 6).
AHB will pay out a total of RM110.3 million to its 72,000 unitholders for this interim income distribution.
Income received by unitholders will be exempted from tax and zakat, and will be credited directly into the bank accounts or AHB unit trust accounts of unitholders on April 14, according to the statement.
AHB’s portfolio grew around 12.7% annually from RM1 billion in 2011 to RM3.85 billion as of its financial year ended September 2022, said PHB group managing director and chief executive officer Mohamad Damshal Awang Damit.
“Moving forward, PHB plans to accelerate its growth momentum by focusing more on investing in high-quality, income-producing assets to sustainably generate competitive market returns for AHB’s investors,” he added.
PHB is the sole operating arm of Yayasan Amanah Hartanah Bumiputera, a trust institution under the purview of the Malaysian government.
AHB is a shariah-compliant real-estate-backed trust fund with a fixed price of RM1 per unit.
It invests primarily in the beneficial ownership of commercial properties in prime locations in Malaysia with the aim of providing Bumiputera investors with a regular and consistent income stream while preserving their investment capital.
