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KUALA LUMPUR: Permodalan Nasional Bhd’s subsidiary, Amanah Saham Nasional Bhd, has announced an income distribution of 3.5 sen and a bonus of 0.75 sen per unit for its flagship fund Amanah Samah Bumiputra (ASB) in 2020.
All ASB shareholders will also receive a special 30th anniversary payment from Ehsan of 0.75 sen per unit for their first 30,000 units.
The distribution will bring the total payout to RM7.6bil for 10.2 million shareholders with 173.2 billion ASB units.
The payment exceeds Maybank’s 12-month fixed deposit rate benchmark by 2.4%.
“ASB’s performance remains competitive relative to other low-risk investment instruments. ASB continues to be a solid option for people with a low-risk profile and a long-term investment horizon,” said PNB Group President , Tan Seri Dr Zeti Aziz, in a statement.
This brings the cumulative GNP income distribution payment from inception to RM211.4bil.
Meanwhile, PNB announced a distribution of 2.02 sen per unit to Amanah Saham Nasional (ASN), representing a total distribution payment of RM36.6 thousand to 1.21 million shareholders with more than 1.8 billion units.
This reflects a dividend yield of 3.18% based on the fund’s expected net asset value as of December 31, 2020.
As of November 30, 2020, ASN posted a net profit of RM44.3 million for the first 11 months of its financial year.
PNB’s Total Assets Under Management (AUM) grew to RM320.5bil as of November 2020, which represented a 2.7% increase over the previous year.
The total units in circulation of its 15 funds grew by 3.4% to 263.2 billion units, with more than 200,000 accounts registered in the year, bringing the total number of accounts to 14.5 million, with 12.2 million unique account holders.
Including ASB’s latest distribution, the total payment of its funds amounted to RM11.2bil.
In his progress update, PNB President and CEO Ahmad Zulqarnain Onn said that there was good progress in diversifying PNB’s portfolio with international investments making a higher contribution to gross income.
“PNB’s financial performance has remained resilient amid the challenging outlook. We have been able to progressively increase our AUM to more than RM320bil, reflecting the continued confidence of our shareholders.
“Our performance in income distribution also remained competitive, outperforming the funds’ respective benchmarks,” he said.
He added that PNB has continued to intensify its efforts to enrich and enhance the shareholder experience and provide value to its shareholders through a range of new product and service offerings.
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