ThxPORTAL - My OnlinE InvestmenT ProgresS

KUALA LUMPUR, Oct 7 (Bernama)-- Pelaburan Hartanah Bhd (PHB) and Mayban Investment Management Sdn Bhd (MIM), have announced a second income distribution of 3.25 sen a unit for the Amanah Hartanah Bumiputera (AHB) Unit Trust Fund for the six-month period ended Sept 30, 2011.

AHB is managed by MIM and sponsored by PHB while the trustee is AmanahRaya Trustees Bhd.

"This translates to an annualised income yield of 6.5 per cent which is benchmarked against the 12-month General Investment Account-i of Maybank Islamic Bhd," the companies said in a joint statement today.

The statement also said the total dividend payout to all AHB unit holders for this second income distribution amounts to RM31 million.

"With this, the total income distribution for the first financial year of the ten-month period ended Sept 30, 2011 is 5.42 sen a unit equaling an annualised yield of 6.5 per cent," it added.

The first income distribution of 2.17 sen a unit for the four-month period ended March 31, 2011 was made in April this year.

Meanwhile, the statement said of the total 60,000 unit holders of AHB, almost 40,000 or 67 per cent of them, are small investors investing in a range of RM500 to RM1,000.

"This indicates that the Fund is well received by the low to medium income Bumiputera groups and therefore, augurs well with PHB's objective of reaching the people as a whole," it added.

--BERNAMA