Date: Friday, 1 April 2005
Avenue Unit Trust Management Bhd (‘AvUT’) has declared an income distribution of 0.35 sen per unit for Avenue MoneyEXTRA fund (‘AMEF’) on 31 March 2005 (ex-distribution date). Total distribution of RM447,368.75 will be reinvested back into the fund at the net asset value per unit on the ex-distribution date itself excluding any entry fee. This is the 5th distribution made by AMEF since its inception on 8 October 2002 and the 1st distribution for 2005.

AMEF is a relatively short-term cash management fund, which is designed specifically for corporate investors. It is benchmarked against repo rates. AMEF aims to provide current income whilst maintaining a high degree of liquidity through investments primarily in short-term money market instruments. As at 31 March 2005, the fund size of AMEF stood at RM66.21 million and the 1-year return for the fund is 2.78%.

AvUT, established in 1999, is one of the fastest growing unit trust companies in Malaysia and its fund size is now in excess of RM1.1 billion. It is also an appointed fund management institution for the EPF Members’ Investment Scheme..

AvUT whose headquarters is in Kuala Lumpur, has ten (10) service centres nationwide in Penang, Ipoh, Petaling Jaya, Klang, Seremban, Melaka, Johor Bahru, Kota Bahru, Kuching and Kota Kinabalu.

As at 18 March 2005, AvUT manages ten (10) unit trust funds namely Avenue IncomeEXTRA Fund, Avenue EquityEXTRA Fund, Avenue BondEXTRA Fund, Avenue MoneyEXTRA Fund, Avenue VersatileEXTRA Fund, Avenue SyariahEXTRA (a fund based on Syariah principles taken over from Abrar Unit Trust Management Bhd on August 2002), ASNITA (a fund based on Syariah principles taken over from Metrowangsa Unit Trusts Berhad on May 2003), AsnitaBOND Fund, Avenue DividendEXTRA Fund and Avenue TacticalEXTRA Fund.