ARECA CAPITAL DECLARES INCOME DISTRIBUTION FOR ARECA PROGRESSIVE INCOME FUND (APIF)
Posted on 03 August 2022
 

ARECA CAPITAL DECLARES INCOME DISTRIBUTION FOR ARECA PROGRESSIVE INCOME FUND (APIF)

Petaling Jaya, 3rd August 2022

Areca Capital would like to announce its latest net income distribution for the Areca Progressive Income Fund (APIF) at 2.0 sen as of today.

The Fund invests into the Redeemable Preference Shares (RPS) issued by Nova Mulia Development Sdn Bhd which is the developer for Grace Residence, a 44-storey condominium with 378 units located in Jelutong, Pulau Pinang.

APIF aims to provide a combination of income and incidental capital growth. Since the fund started investing in August 2018, APIF has generated a total return of 32.42% as of the 31st of July 2022, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 9.75%.

 
PERFORMANCE (%)

Return

August 2018 to July 2022
(Total returns for the period)

Areca Progressive Income Fund

32.42%

Maybank 12 Months Fixed Deposit Rate

9.75%

Source: Lipper for Investment Management. Data as of 31st July 2022.

Disclaimer: Investors are advised to read and understand the contents of the Master Prospectus (MP), Information Memorandum (IM) and Product Highlight Sheet (PHS) for the individual funds before making any investment decision. Amongst others, investors should also consider the fees and charges involved. The prices of units and distributions payable, if any, may fall and rise. Past performances of the Fund are not indicative of future performance. Prices can go down as well as up and you may not get back the amount you originally invested. Investors are advised to consider the different types of risks that may affect the unit trust fund. For more information concerning certain risk factors, please refer to the MP,IM and PHS.

For further enquiries, please contact us at invest@arecacapital.com or call 603-7956 3111.

 



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