ASM 3 Declares Dividend of 4.5 sen per unit

Amanah Saham Nasional Berhad (ASNB), the wholly owned unit trust company of Permodalan Nasional Berhad (PNB), today announced the income distribution for its fixed price fund, Amanah Saham Malaysia 3 (ASM 3) for the financial year ending 30 September 2023.

ASM 3 declared a total income distribution of RM681.96 million, benefitting 563,460 unitholders who currently own 15.2 billion units. The income distribution of 4.50 sen per unit outperformed its benchmark Maybank 12-Month Fixed Deposit return at 2.86% by 164 basis points for the financial year to date up to 27 September 2023. The income for ASM 3 is derived from realised gains, dividends, as well as other income from domestic and international investments. The fund recorded RM653.88 million of net realised income.

The fund continues its diversification strategy as the local equity market benefits from the return of confidence from foreign investors and the global market experienced positive returns on the back of the generative AI revolution. The computation of the income distribution for ASM 3 is based on the average minimum monthly balance held throughout the fund's financial year.

The distribution declared by ASM 3 will be automatically re-invested as additional units into unitholders’ accounts on 1 October 2023. Transactions for ASM 3 at ASNB branches and agents, including all online channels and internet banking, have been temporarily suspended from 27 to 30 September 2023. Unitholders may resume transactions at myASNB portal (www.myasnb.com.my), or via myASNB mobile application on 1 October 2023, or at any ASNB branches or its agents nationwide starting 2 October 2023