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

Petaling Jaya, 7th February 2020

Areca Capital would like to announce the net income distribution for the year for the Areca Progressive Income Fund (APIF) at 2.00 sen as of the 7th of February, 2020.

APIF was launched on the 28th of February, 2018. The fund aims to provide a medium to long term combination of income and capital growth. Since its inception, APIF has generated a total return of 13.19 % as of 31st December 2019, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 6.09%.

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