KOTA KINABALU: Saham Sabah Berhad chairman Datuk Marcus Mojigoh yesterday announced that Saham Amanah Sabah (SAS) achieved a gross income of RM58.3 million in the six and a half months period ending July 15 this year.
The income was derived from SAS’ investment in the stock market which contributed 86.53 per cent, dividend (11.98%) and money market (1.49%).
According to Mojigoh, the provision for taxation and the first income distribution of RM30.79million, and after deducting manager’s expenses, the distributable income amounted to RM27.52millon.
“With this positive achievement, I am pleased to declare the second Interim Income Distribution of two per cent or two sen net per unit for 2013,” he said in a statement yesterday.
He added that the income distribution of two sen per unit would involve a net total payment of RM25 million.
The calculation of the Interim Income Distribution is based on 1,249,500,000 units held as at July 18, being the last day of entitlement.
“This distribution represents a 6.39 per cent income return based on the Net Asset Value (NAV) per unit of RM0.3132 as at January 2,” he said.
“With the declaration of the second Interim Income Distribution of two sen per unit and the first Interim Income Distribution of two sen per unit, SAS has to date declared a total of four sen per unit for 2013, which is an income return of 12.77 per cent for the year.
“The income distribution will be paid to 53,379 investors comprising 45,587 (85.40 per cent), individual investors, 7,407 (13.88 per cent), investors under the Hardcore Poor Scheme, 337 (0.63 per cent) investors with bank loans and 48 (0.09 per cent) corporate investors,” said Mojigoh.
Since its inception 18 and a half years ago, inclusive of this declaration, SAS has declared 15 cash distributions involving a total payment of RM472.59 million net or 74.72 sen per unit (74.72 per cent) and a distribution in the form of units reinvestment of 0.4 sen per unit (0.40 per cent) on December 31, 2012.
In 1996, SAS had also distributed bonus units of three units for every 10 units held. The initial and the bonus units were entitled to all income distributions equally.
Mojigoh said that to facilitate the payment of income distribution, all transactions of SAS would be suspended from July 19 to July 26, and trading would resume on July 29.
He invited potential and current investors who would like to invest or increase their investments to come forward and invest in SAS as there are still units available for sale.
They may contact 088–266588 or 254967 or 254968 to make purchases.