ARECA CAPITAL DECLARES INCOME DISTRIBUTION FOR ARECA PROGRESSIVE INCOME FUND 4.0 (APIF4)
Petaling Jaya, 6th January 2022
Areca Capital would like to announce its latest net income distribution for the Areca Progressive Income Fund 4.0 (APIF4) at 1.25 sen as of today.
The Fund invests into the Redeemable Preference Shares (RPS) issued by Tanah Anjung Management Services Sdn Bhd which is a wholly owned subsidiary of Impiana Sdn Bhd. The latter is the largest shareholder of Impiana Hotels Bhd listed on Bursa Malaysia.
APIF4 aims to provide a combination of income and incidental capital growth. Since the fund started investing in 20th August 2019, APIF4 has generated a total return of 15.60% as of the 31st of December 2021, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 5.19%.
|
Return |
August 2019 To December 2021 |
|
Areca Progressive Income Fund 4.0 |
15.60% |
|
Maybank 12 Months Fixed Deposit Rate |
5.19% |
Source: Lipper for Investment Management. Data as of 31st December 2021.
For further enquiries, please contact us at invest@arecacapital.com or call 603-7956 3111.
