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AHB announces second income distribution

KUALA LUMPUR: Amanah Hartanah Bumiputera Unit Trust Fund (AHB) has received a second income distribution of 3.25 sen a unit for the period of six months ended Sept 30, 2011.

Pelaburan Hartanah Bhd (PHB) and Mayban Investment Management Sdn Bhd (MIM) said in a joint statement Wednesday, Oct 5 that this would translate into an annualised income yield of 6.5%.

The tax-exempted income distribution will be directly credited into the unitholders' bank account on Oct 19.

PHB managing director and chief executive officer Datuk Kamalul Arifin Othman said PHB was set to expand the size of the fund and acquire more properties as part of its continuous efforts to promote Bumiputera ownership of prime commercial real estate in major cities.

AHB is managed by MIM, sponsored by PHB, while the trustee of the fund is AmanahRaya Trustees Bhd. — Bernama

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