DISTRIBUTION POLICY
Subject to the availability of income, Saham Amanah Sabah (“the Fund”) will declare distribution depending on the income available for distribution for the relevant period. If Saham Sabah Berhad (“the Manager”) deems the distribution to be uneconomical to pay out, the amount will be automatically reinvested into the unit holder’s accounts in the form of additional units in the Fund at no cost.
Distribution Mode
Effective January 2021, income distribution, if any, will be reinvested automatically on behalf of the unit holders based on the prevailing NAV per unit, subject to availability of units. The auto-reinvestment will not include the SAS-PPRT recipients, Bank Loanees and unit holders that had opted by 31 December 2020 to receive their distribution via online bank transfer.
In the event that the payment of income distribution via online transfer is unsuccessful due to misinformation on the bank account details provided by the unit holders, the Manager reserves the right to reinvest the distribution through the purchase of additional units of the Fund based on the prevailing NAV per unit after one (1) month of the distribution payment date.