Petaling Jaya, 19 November 2018:

Areca Capital Sdn Bhd today declared the first income distribution of 2.80 sen per unit for its Areca Progressive Income Fund (APIF).

APIF was launched on 28 February 2018, the fund aims to provide Medium to Long Term combination of income and capital growth. Since its inception, APIF has generated a total return of 3.1% as of 31 October 2018, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 2.3%.

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