AHB Maintains Income Distribution Despite Soft Property Market
Press Release
Immediate Release
AHB Maintains Income Distribution Despite Soft Property Market
Kuala Lumpur, 4th October 2018 – Pelaburan Hartanah Berhad (“PHB”) and Maybank Asset
Management Sdn Bhd (“MAM”) today announced the Amanah Hartanah Bumiputera’s (“AHB” or the
“Fund”) final income distribution for the financial year ended 30 September 2018 of 2.90 sen a unit. At
the same time, PHB as the Sponsor of AHB also announced a bonus distribution of 0.20 sen a unit for the
first 500,000 units of AHB held by unit holders. This effectively means that individual unit holders will get
a total of 3.10 sen a unit for the income distribution and together with the interim income distribution of
3.10 sen a unit paid in April 2018, the total income distribution and the bonus for 2018 is 6.20 sen a unit.
For institutional unit holders, the total income distribution for 2018 will range between 6.00 sen a unit to
6.20 sen a unit depending on the number of units held.
The income distribution of AHB is tax-exempt and payable net of zakat, which will be credited directly into the unit holder’s bank account on 12th October 2018. For the Employees Provident Fund (“EPF”) Member’s
Investment Scheme, it will be credited into Account 1 of EPF.
Datuk Kamalul Arifin Othman, the Group Managing Director and Chief Executive Officer of PHB in his
statement said “As we are aware, the property market throughout 2018 remained soft. However, we are
very thankful to our unit holders both individuals and institutions for their continued support and
remained loyal unit holders. The bonus distribution contributed by PHB reflects the commitment by PHB
to ensure that unit holders continue to receive competitive return from AHB”.
AHB is a Shariah-compliant real-estate backed trust fund with a fixed-price of RM1.00 a unit. It enables
Bumiputera investors to participate in the beneficial ownership of real estate assets by providing them
with a regular and consistent income stream. Subject to the availability of units, AHB can be subscribed at
any Maybank, Ambank and AmBank Islamic branches nationwide.
AHB goes online
Meanwhile, Maybank Asset Management Sdn. Bhd. (MAM), as the Manager of AHB has also announced
that the existing unit holders of AHB can now subscribe additional AHB units online via Maybank2u
platform. Encik Ahmad Najib Nazlan, the Chief Executive Officer of MAM said, “Together with PHB, we are
continuously looking to improve services to the unit holders of AHB. With the online transaction capability,
unit holders can now add on units or even re-invest their income distribution easily and efficiently.”
Datuk Kamalul Arifin added “The online transaction is our answer to the re-investment scheme for the
income distribution as requested by our unit holders. As you know, AHB pays its income distribution in a
form of cash by crediting directly into the unit holders’ accounts. This somehow limits the compounding
effect of the income distribution as it is not automatically re-invested. So our advice to the unit holders is
to immediately convert their income distribution by buying the additional units online upon payment of the income distribution this coming 12th October 2018”.
For any media editorial inquiries, please contact: Wardatul Ithni Abd Rahman wardatul@phb.com.my 03-7711 3014 Nurulaneiza Shahrela nurulaneiza@phb.com.my 03-7711 3068 |
Editor’s Note:
About Pelaburan Hartanah Berhad (PHB)
Established in May 2006, Pelaburan Hartanah Berhad (PHB) is a real estate investment holding company and a subsidiary of Yayasan Amanah Hartanah Bumiputera. PHB is founded on the following core principles; enhance shareholder and investor values, practice sound corporate governance, foster innovation and growth, cultivate talent and reward performance. PHB goal is to enable long-term growth through managing, investing in and expanding its core businesses in the prime commercial real estate investment sector.
About Amanah Hartanah Bumiputera (AHB)
AHB is a fixed-price Shariah-compliant real estate backed unit trust fund which enables Bumiputera investors to participate in the beneficial ownership of real estate assets with a minimum entry investment of RM100. The Fund is designed for investors of medium risk appetite who wish to receive regular income and potentially consistent returns through PHB’s strategic investments in prime commercial properties in highly sought after locations within the major cities of Malaysia.
About Maybank Asset Management Sdn. Bhd.
Maybank Asset Management Sdn. Bhd. is a subsidiary of Maybank Asset Management Group Berhad (MAMG) and is owned by Malayan Banking Berhad’s (Maybank) and Permodalan Nasional Berhad (PNB) as its asset management arm.
MAMG is one of the pioneers in the local asset management industry with a highly capable fund management team, averaging over 20 years of individual investment experience and expertise in Asian markets. It has presence across three (3) Asean key markets namely, Malaysia, Singapore and Indonesia offering Asian based investment solutions encompassing both conventional and Islamic assets. The portfolio management services cater to all types of investors including corporate and institutions, high net-worth individuals and mass retail.
MAMG has a strong foothold in Asean with strategic intent to enhance its investment capabilities with on-the-ground market intelligence and expertise as well as expanding its regional distribution capabilities to market products cross-border.
MAMG’s AUM stands at MYR 33.7 billion as at 31 August 2018.
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