KUALA LUMPUR, Aug 24 (Bernama) – Eastspring Investments Bhd has announced a gross income distribution of 0.0206 sen per unit, or a dividend yield of 2.00 per cent, for the Eastspring Investments Target Income Fund 6 for the financial year-ended May 31, 2018.
Unit
holders who have maintained their holdings in the fund as at Aug 23, 2018, will
be entitled for the income distribution, the asset management company said in a
statement on 24 August 2018.
The
five-year closed-ended bond fund is the sixth in a series of target income
funds.
"This
distribution was consistent with the Fund’s objective which endeavours to
provide regular income during the tenure of the Fund.
"Income
declared will be paid out either by way of e-payment according to unit holders’
instructions in the account opening form, or by cheque," said
Eastspring.
It
also added that after months of weakness, risk appetite for Asian credit
rebounded in July, with marked credit spread narrowing accompanied by a reversal
of the prior trend of investor outflows from emerging market
assets.
-- BERNAMA
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