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AVENUE INVEST ANNOUNCE DISTRIBUTION OF RM21.87 MILLION FOR SIX FUNDS

Date: Thursday, 27 December 2007

Avenue Invest Berhad (“AvIB”), a member of the ECM Libra Avenue Group, has declared income distributions for six (6) of its funds. The six funds are Avenue VersatileEXTRA Fund (“AVEF”), Avenue EquityEXTRA Fund (“AEEF”), Avenue DividendEXTRA Fund (“ADEF”), Avenue BondEXTRA Fund (“ABEF’), Avenue IncomeEXTRA Fund (“AIEF”) and Avenue MoneyEXTRA Fund (“AMEF”).

AvIB has declared a gross interim distribution of 10.32 sen per unit and 5.37 sen per unit for AVEF and AEEF, respectively. A total distribution of RM9.27 million of which RM3.61 million and RM5.66 million will be reinvested back into AVEF and AEEF, respectively at the net asset value per unit on 24 December 2007, the ex-distribution date, which excludes entry fee.

Investors of ADEF will receive a gross interim distribution of 3.89 sen per unit. A total distribution of RM1.08 million will be reinvested back into ADEF, at the net asset value per unit on 24 December 2007, the ex-distribution date, which excludes entry fee.

As for the fixed income funds, unit holders of ABEF and AIEF will receive will receive a gross distribution of 1.15 sen per unit and 0.98 sen per unit, respectively. A total distribution of RM10.84 million of which RM4.06 million and RM6.78 million will be reinvested back into ABEF and AIEF, respectively at the net asset value per unit on 24 December 2007, the ex-distribution date, which excludes entry fee.

Investors of AMEF will receive a gross income distribution of 0.36 sen per unit for the fourth quarter of this year. A total distribution for the quarter of RM681,282 will be reinvested back into AMEF, at the net asset value per unit on the ex-distribution date, 24 December 2007, which excludes entry fee.

Issued by Avenue Invest Berhad
 
 
 
   
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