AHB maintains income distribution despite soft property market

KUCHING: Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd (MAM) announced the Amanah Hartanah Bumiputera’s AHB 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 syariah- 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.

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.”