AHB declares 2.5 sen interim income distribution for six months ending March 31, 2022
KUCHING: Pelaburan Hartanah Bhd (PHB) and Maybank Asset Management Sdn Bhd (MAM) have announced the interim income distribution of Amanah Hartanah Bumiputera (AHB) of 2.50 sen per unit for the six-month period ended March 31, 2022.
This consists of a basic income distribution of 2.15 sen per unit and a bonus distribution of 0.35 sen per unit. The bonus distribution is contributed by PHB, as the sponsor of AHB and is distributed for the first 500,000 units held by the unit holders.
The group managing director of PHB, Datuk Mahmud Fauzi Muda said, “The 2.50 sen a unit is marginally higher than last year’s 6 months interim distribution of 2.35 sen per unit which was paid in April 2021, reflecting a positive trend.”
AHB distributes income twice a year and the final income distribution, if any, will be distributed in October 2022.
Meanwhile Ahmed Muzni Mohamed, the MAM’s chief executive officer, said “As previously announced in October 2021, we are now ready to implement the re-investment scheme whereby the income distribution will be made in the form of units and/or cash, particularly to the retail unit holders.
“For this interim income distribution, retail unit holders having an average minimum monthly balance of 10,000 units and less, will receive the income distribution in cash while those having more than 10,000 units, will receive the income distribution in the form of AHB units.
“Institutional unit holders will continue to receive the income distribution in the form of cash.”
Ahmed Muzni further explained, “Investors can choose to convert their income distribution in AHB units into cash at bank branches as AHB permits instant withdrawals or redemptions.”
Mahmud Fauzi further added “After a few years without issuance of new units, we plan to issue an additional one billion new AHB units in 2022. In 2021, PHB completed procurement of three additional new buildings valued at approximately RM1.33 billion.
“This comprises a private hospital, an office tower in Kuala Lumpur and a private college in Johor. While PHB currently owns 24 buildings, it is continuously seeking to increase ownerships in prime medical and industrial logistic buildings as well as new property assets categories such as data centres.”
Since 2011, AHB has paid out approximately RM1.7 billion in dividend incomes to its investors. PHB is the sole operating arm of Yayasan Amanah Hartanah Bumiputera, a trust institution under the purview of the Malaysian government.