Public Mutual Declares Distributions for 4 Funds

Malaysia's largest private unit trust company, Public Mutual declares gross distributions for four of its funds. The distributions declared are:

• 4.50 sen per unit to unitholders of the Public Ittikal Fund (P ITTIKAL). The closing price for P ITTIKAL's net asset value (NAV) on 26 May 2006 was 85.64 sen per unit.


• 4.00 sen per unit to unitholders of the Public Balanced Fund (PBF). The closing price for PBF's NAV on 26 May 2006 was 75.68 sen per unit.


• 1.50 sen per unit to unitholders of the Public Islamic Equity Fund (PIEF). The closing price for PIEF's NAV on 26 May 2006 was 30.62 sen per unit.


• 1.25 sen per unit to unitholders of the Public Dividend Select Fund (PDSF). The closing price for PDSF's NAV on 26 May 2006 was 25.69 sen per unit.

The above distributions declared are for financial year ending 31 May 2006.

Chief Executive Officer Lam Kam Yin said, P ITTIKAL which is an Islamic equity fund, is the winner of five (5) awards from The Edge-Lipper Malaysia Fund Awards 2006 and The Star/Standard & Poor's Investment Fund Awards Malaysia 2006. "It generated a one-year return of 15.94 percent for the period ended 12 May 2006, according to The Edge-Lipper Fund Table dated 22 May 2006," he said. The fund aims to achieve steady capital growth over the medium to long term period by investing in a portfolio of investments that complies with Syariah Principles.

PBF, on the other hand, is a balanced fund that won an award from The Star/Standard & Poor's Investment Fund Awards Malaysia 2006. The fund generated a one-year return of 13.59 percent for the period ended 12 May 2006, according to the same The Edge-Lipper Fund Table. PBF aims to provide a steady income and capital growth over the medium to long-term period.

Meanwhile, PIEF which is an Islamic equity fund, aims to achieve capital growth through a diverse selection of growth stocks that complies with Syariah Principles. PIEF generated a one-year return of 12.32 percent for the period ended 12 May 2006, according to The Edge-Lipper Fund Table dated 22 May 2006.

As for PDSF, it is an equity income fund that generated a one-year return of 13.38 percent for the period ended 12 May 2006, according to the same The Edge-Lipper Fund Table. PDSF aims to provide steady recurring income by investing in a portfolio of stocks which offer or have the potential to offer attractive dividend yields.

Public Mutual, a subsidiary of Public Bank, is the largest private unit trust company in Malaysia. It manages 29 funds for more than 800,000 accountholders. As at end April 2006, the company's total funds under management was over RM13.4 billion.