KUALA LUMPUR: Pelaburan Hartanah Berhad (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.

       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 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,” PHB group managing director Datuk Mahmud Fauzi Muda said in a statement.

       AHB distributes income twice a year and the final income distribution, if any, will be distributed in October 2022.

       MAM chief executive officer Ahmed Muzni Mohamed said: “As previously announced in October 2021, we are now ready to implement the reinvestment 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,” he said.

       PHB is planning to issue an additional one billion new AHB units in 2022, according to Mahmud Fauzi.

       Since 2011, AHB has paid out approximately RM1.7bil in dividend income to its investors.