KUALA LUMPUR: Public Bank Bhd's unit, Public Mutual, has declared a total income distribution of RM232 million for eight of its funds for the year ended Oct 31, 2011.
The distributable income for its Public Industry Fund is 5.00 sen per unit, while for Public Equity Fund it is 3.00 sen, Public Sector Select Fund 2.00 sen, Public South-East Asia Select Fund 2.50 sen, Public Asia Ittikal Fund 1.25 sen, PB Australia Dynamic Balanced Fund 3.00 sen, PB Asia Real Estate Income Fund 2.00 sen and Public Islamic Bond Fund 5.00 sen.
In a statement Monday, Public Mutual said the distribution for all the funds would be made by Public Mutual unit trust consultants, except for PB Australia Dynamic Balanced Fund and PB Asia Real Estate Income Fund for which the dividends would be made through Public Bank branches nationwide.
Public Mutual is Malaysia's largest private unit trust company with 89 funds under its management.
It has over 2.5 million account holders and as at Sept 30, 2011, the total net asset value of the funds managed by the company amounted to RM41.3 billion.