KUALA LUMPUR – Amanah Saham Nasional Bhd (ASNB), the wholly-owned unit of Permodalan Nasional Bhd (PNB), today announced an income distribution of 6.10 sen per unit for Amanah Saham Nasional (ASN) for the financial year ended Dec 31, 2015, from the 6.45 sen per unit announced in 2014.
PNB Chairman Tun Ahmad Sarji Abdul Hamid said the income distribution would involve a total payout of RM106.72 million and benefit 1.25 million unitholders who currently hold a combined 1.75 billion ASN units.
“As of Dec 23, ASN had recorded gross income of RM126.27 million,” he told a press conference after announcing the dividend distribution here today.
Of this amount, profit from the sale of shares contributed 63.3 per cent, followed by dividend income from investment in companies (28 per cent) and other instruments (8.7 per cent).
Meanwhile, PNB President and Chief Executive Officer Tan Sri Hamad Kama Piah Che Othman said the lower dividend was due to the challenging economic background, such as weak commodity prices and bearish performance of the stock market.
“The FTSE Bursa Malaysia KLCI recorded a fall of 5.5 per cent to 1,663.51 points on Dec 23, 2015 compared to 1,761.25 points on Dec 31, 2014,” he added.
The income distribution would be reinvested into additional ASN units and be automatically credited into the unitholders’ investment book based on the net value as at Dec 31, 2015.
Unitholders will be able to update their ASN accounts beginning Jan 4, 2016 at any ASNB office or agents nationwide.
All transactions for ASN at the ASNB headquarters, offices and agents have been suspended from Dec 24 this year to Jan 3, 2016 to facilitate the calculation of income distribution.
Transactions will resume on Jan 4, 2016.