FIRST INCOME DISTRIBUTION FOR ARECA PROGRESSIVE INCOME FUND 4.0 (APIF 4.0)

Petaling Jaya 20th November, 2019

Areca Capital Sdn Bhd today declared the first income distribution of 2.25 sen (net) per unit for the Areca Progressive Income Fund 4.0 (APIF 4.0).

APIF 4.0 was launched on the 5th of July this year, and it aims to achieve a combination of income and incidental capital growth. Since its initiation, APIF 4.0 has generated a total return of 1.8% as of 31 October 2019, as compared to its benchmark’s (Maybank’s 12-month fixed deposit rate) total return of 1.0%.

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