ARECA CAPITAL DECLARES INCOME DISTRIBUTION FOR ARECA SITUATIONAL INCOME FUND 2.0 (ASIF2) 

Petaling Jaya, 21st December 2021

Areca Capital would like to announce the income distribution for Areca Situational Income Fund 2.0 (ASIF2) at 2.125 sen.

The Fund invests into the Redeemable Preference Shares (RPS) issued by Iconic Vacation Club Berhad. The company is in the business of operates recreational centres and hotel resorts. It gives its members access to more than a thousand vacation destinations in almost 100 countries. In Malaysia, it operates under the Avani Sepang Goldcoast Resort.

Since the fund started investing in March 2020, it seeks to offer investors a medium to long term combination of income and capital growth. ASIF2 has generated a total return of 14.51% as of 30th November 2021, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 3.28%.

Source: Lipper for Investment Management. Data as of 30th November 2021.

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