Public Bank’s wholly-owned subsidiary, Public Mutual has announced over RM80 million income distribution for two of its Islamic funds. The total gross distributions declared are for financial year ended 30 April 2009:

Fund	Gross Distribution / Unit
Public Islamic Dividend Fund	1.25 sen
Public Islamic Asia Dividend Fund	0.25 sen

Public Mutual’s Chairman Tan Sri Dato’ Sri Dr. Teh Hong Piow commented that Public Mutual is pleased to be able to declare distributions on these two Islamic funds despite these trying times.

Public Islamic Dividend Fund which was launched in 2006, is a local Islamic dividend fund that is open for EPF Members Investment Scheme. Meanwhile, Public Islamic Asia Dividend Fund which was launched in the following year, is a regional Islamic dividend fund that invests in selected foreign markets which include South Korea, China, Taiwan, Hong Kong, Philippines, Indonesia, Singapore, Thailand, Australia, New Zealand and other approved markets.

Both funds aim to provide income by investing in a portfolio of stocks that complies with Shariah requirements and which offer or have the potential to offer attractive dividend yields.

Public Mutual is Malaysia’s largest private unit trust company with 68 funds under management. It has over 2,000,000 accountholders serviced by over 42,000 unit trust consultants. As at 31 March 2009, the total net asset value of the funds managed by the company was RM24.2 billion. n.