QUOTE(xuzen @ Nov 2 2016, 04:29 PM)
The above is a post from Nexona which he posted at ASNB thread. Friend
Rexona, tumpang your post sekejap ok?
Fund size = MYR 21.983 B
Units in circulation = 18.193 B
NAV = Fund size / units in circulation = MYR 1.21 per unit.
However, the NAV is fixed at MYR 1.00.
Lets say they declare 7cts dividend (follow historical trend). That means you get MYR 1.07 per unit. What happened to the remaining 14cts. Are you entitled to it? Mana perginya
MYR 4.2B 14 sen itu?
Xuzen
Not to start a fight, become part of the reserve. When will reserve be used?
(i) to topup dividend declared so one will always get 6.xx% p.a
(ii) to pop up the NAV so it's always RM1.00
Source:
From insider who said that's how they work (few months thread back)
So are you entitled to the reserves?
- Yes when Malaysia economy is bad, everyone getting (-) returns the holder will still get (+) returns.