ARECA CAPITAL DECLARES INCOME DISTRIBUTION FOR ARECA PROGRESSIVE INCOME FUND 

Petaling Jaya, 3rd September 2021

Areca Capital would like to announce its net income distribution for the Areca Progressive Income Fund (APIF) at 9.0 sen as of today.

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 16.09% as of the 31st of August 2021, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 7.99%. 

Source: Lipper for Investment Management. Data as of 31th August  2021.

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