2.35 sen interim income distribution for AHB

KUALA LUMPUR: Pelaburan Hartanah Bhd (PHB) has announced an interim income distribution of 2.35 sen for Amanah Hartanah Bumiputera (AHB) in the sixmonth period ended March 31.

PHB, which is owned by Yayasan Amanah Hartanah Bumiputera and Maybank Asset Management Sdn Bhd, said the distribution consists of a basic income of 2.15 sen a unit and a bonus distribution of 0.20 sen a unit.

PHB said the bonus distribution was contributed by the company as the sponsor of AHB and would be distributed for the first 500,000 units held by the unit holders.

The interim income distribution of AHB is tax-exempt and payable net of zakat, which will be credited directly into unit holders’ bank accounts on April 15.

PHB managing director Datuk Mahmud Fauzi Muda said the market continued to be challenging for the past year.

“For last year, PHB allocated a substantial sum for rent relief programme (RRP) to its affected tenants. PHB has provided an additional allocation for RRP this year.

“Due to limited resources, rental relief assistance had to be provided selectively to the worstaffected tenants. Despite the economic disruptions, we have so far managed to replace most of the tenants lost with new tenants,” he said recently.

Mahmud said PHB would actively acquire selected new assets, particularly in the industrial and healthcare sectors.

The company’s property development was also progressing well with the new RM340 million, 300-bed private hospital in Kuala Lumpur completed in September last year.

PHB recently inked an agreement to develop a two million sq ft warehouse in Shah Alam for about RM500 million, which will be entirely leased to an international logistics company.

“We are also actively negotiating for the development of new private hospitals in Selangor as well as in the East Coast. The new property assets will support introduction of new tranches of AHB units in the near future.”

On March 15, PHB and Maybank Asset re-offered 160 million of AHB units for subscription to Bumiputera investors.

This units were accumulated as a result of normal redemptions made by unit holders over the past one year since March last year.

It said this would not have an impact on the existing approved fund size of AHB.