Pelaburan Hartanah Bhd (PHB) and PHB Asset Management Bhd have announced the final income distribution of 2.5 sen per unit for Amanah Hartanah Bumiputera (AHB) for the six months ended Sept 30, 2024.

This amount comprises an income distribution of 2.25 sen per unit and an additional bonus of 0.25 sen per unit. The bonus is payable to the first one million units held by each unitholder and is funded by PHB as the sponsor.

In April 2024, PHB and Maybank Asset Management Bhd, the previous manager for AHB, declared an interim income distribution of 2.2 sen per unit, with a bonus distribution of 0.3 sen per unit for the six months ended March 31, 2024.

"This brings the total income distribution to five sen per unit or 5% per annum, amounting to approximately RM232 million for the 12 months ended Sept 30, 2024," PHB said in a statement.

AHB will distribute a total of RM121 million to its 83,000 unitholders in this round. The income distributed is tax-free and net of zakat, with cash payment to be credited directly to the unitholders' bank account on Oct 14, 2024.

Bumiputera investors can subscribe to AHB at a fixed price of RM1 per unit through authorised distributors nationwide. AHB is backed by tenanted, prime commercial properties, generating a consistent stream of rental income.

The fund was established to give Bumiputera investors the opportunity to indirectly own high-quality properties while enjoying regular and stable income.

With a minimum investment of RM100 and a maximum limit of RM1 million, investors can subscribe to AHB at branches of Maybank, AmBank, AmBank Islamic and Bank Islam nationwide.