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KUALA LUMPUR (April 5): Amanah Hartanah Bumiputera's (AHB) income distribution for the six months ended March 31, 2017 fell to 3.1 sen per unit, compared with 3.3 sen for the previous corresponding period.
AHB is a syariah-compliant real-estate backed trust fund with a fixed price of RM1 per unit.
It is sponsored by Pelaburan Hartanah Bhd (PHB), a real estate investment holding company owned by Yayasan Amanah Hartanah Bumiputera.
The fund's manager is Maybank Asset Management Sdn Bhd.
"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 April 17," PHB and Maybank Asset Management said in a statement.
For the full financial year ended Sept 30, 2016, a total income distribution of 6.5 sen per unit was declared for AHB, down 1.52% compared with 6.6 sen in FY15.
AHB counts 17 commercial properties — mainly concentrated in the Klang Valley area, including Nu Sentral and 1Sentrum tower. To date, PHB said its accumulated property assets are worth more than RM5 billion.
In April 2016, AHB's fund size increased to 3.5 billion units from an initial fund size of one billion units. — theedgemarkets.com
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