Income Distribution

Distribution, if any, are declared at the end of each financial year of each Fund or any specified period, as may be approved by the Trustee. 

Name of Funds Income Distribution Policy
BIMB i Growth As income distribution is the secondary objective of the Fund, distribution of income (if any) is incidental
BIMB Dana Al-Fakhim The Fund shall distribute income* (if any) on a quarterly basis.
 
Note: The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution. 
BIMB Dana Al-Munsif The Fund intends to pay out annual income distribution to Unit Holders if sufficient investment income has been accumulated during the year.  
BIMB Dana Al-Falah Distribution of income* (if any) is incidental.
 
*Note: The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
BIMB i Dividend Fund The Manager will declare annual distributions (subject to the availability of income).
BIMB i Flexi Fund Distribution of income is incidental. Note: The distribution of income will automatically be reinvested. Hence, Unit Holders will receive additional Units from the reinvestment of income distribution.
BIMB-Arabesque i Global Dividend Fund 1 The Manager will declare annual distributions (subject to availability of income), after the end of its first  financial year. The Fund will be measured against an average income distribution yield of 6% per annum over a 5-year period.
 
This is not a guaranteed return and it is only a measurement of the Fund’s performance. The Fund may or may not achieve 6% per annum growth rate in any particular financial year.

 
 

 

 

 

 

 

 

 

 

 

 

 

The amount of net income available for distribution shall be expressed in ‘Sen per Unit’ basis and shall be paid to all Unit Holders in proportion to their holdings of Units in the Fund.

The Unit Holder is entitled to receive the distribution regardless of when those Units were purchased as long as it is done before the end of the Accrual Period.
 

  Mode Of Payment for Income Distribution

It is intended that distribution of income to Unit Holders, (if any) will be based on Units held on entitlement date via the following option: -
   • Paid via cheque or credited into their bank accounts:
   • Reinvestment for further Units into investor’s account.
  
Payment by cheque will be forwarded to Unit Holders at their latest correspondence address. Where there are written instructions to reinvest the income, the Manager will reinvest the monies into additional Units of the Funds at the NAV per Unit as at the close of the Business Day of the distribution declaration date. Should the Unit Holder wish to realise the income, he has to repurchase the equivalent number of Units.
 
For BIMB-Arabesque i Global Dividend Fund 1

Distribution of income to Unit Holders (if any) will be based on Units held on the entitlement date on the following options: -
 
USD Class :
   • Cash distribution via telegraphic transfer; or
   • Reinvestment of Units based on the NAV per Unit after the distribution (i.e. ex distribution price).


MYR Class:
   • Cash distribution via cheque issuance or telegraphic transfer; or
   • Reinvestment of Units based on the NAV per Unit after the distribution (i.e. ex distribution price).


If no option is made on the mode of distribution in the application form by the Unit Holders, the income distribution will be automatically reinvested into additional Units according to the reinvestment method above. Any bank charges incurred will be borne by the Unit Holders.
 
 How is Income Distribution calculated?
 

Distribution of income should only be made from net realised gain or net realised income.
 
Assuming the Fund declared an income distribution of 5 sen per Unit to be paid-out in cash on 31 August, the impact of before and after the distribution, using hypothetical figures is shown below :-  

  Before Income Distribution (RM) After Income Distribution (RM)
NAV per unit RM 0.5500 RM 0.5000

 

 

Before payment of the distribution, a Unit Holder who owns 1,000 Units of the Fund valued its holding at RM550 (1,000 Units x RM 0.5500). After distribution is paid-out, that Unit Holder will own 1,000 Units of the Fund worth RM500, plus cash in hand of RM50.
 
In theory, (and disregard any other events that may affect financial markets on the distribution day), if investor buy into the Fund just before the distribution day, the Unit Holder’s holding value of RM550 actually remains unchanged (RM500 + RM50 = RM550) as the Fund’s NAV declines by the amount of the distribution declared.

  What options do I have in receiving an Income Distribution?

If an investor elects the option of distribution reinvestment, he will receive distribution by way of additional Units. 

The distribution reinvestment plan ensures that your income distributions are automatically reinvested to purchase additional Units in the same Fund. Distribution reinvestment will be at NAV per Unit, computed at the close of the Business Day of the distribution declartion date. No sales charge will be imposed on reinvestments of distribution proceeds.

  Benefits of the Distribution Reinvestment Plan and Auto-Reinvestment of Distribution
    
• Income reinvested without incurring sales charge
     • Convenient way of investing income each year

  Distribution Reinvestment Plan for the funds

If the investors would like the income distribution to be reinvested, they would have to tick the box marked “Income Reinvestment” in investment particulars section of the Application Form (except for BIMB Dana Al-Falah, BIMB Dana Al-Fakhim and BIMMB i Flexi Fund).

  Unclaimed Monies Policy

Any distribution cheques that are not presented after a period of six (6) months (from the date of the distribution cheques), the Manager reserves the right to reinvest the distribution on behalf of the Unit Holders in additional Units based on the NAV per Unit at the Valuation Point on the last Business Day of the month immediately after the six (6) months period, or any such date as may be determined by the Manager.

  General Unclaimed Monies Policy
 

Any repurchase monies payable to Unit Holders which remain unclaimed after such period (currently being 1 year) will be surrendered to the registrar of unclaimed moneys in accordance with the requirement of the Unclaimed Monies Act 1965.
 



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