icapital.biz Berhad announces Special Dividend  

icapital.biz Berhad (ICAP, 5108) announces Special Dividend

August 23th, 2013 Kuala Lumpur 
Dear Shareholders,

The Board of Directors of icapital.biz Berhad (ICAP, 5108) is pleased to announce the distribution of a 9.5 sen special dividend per share less 25% tax for the financial year ended 31st May 2013 to be paid on 7th October 2013 to entitled shareowners. The entitlement date for the special dividend is 19th September 2013.
 
This is the first dividend announcement since the listing of icapital.biz Berhad on 19th October 2005, and may come as a pleasant surprise to most investors. The primary investment objective of icapital.biz Berhad is focused on long-term capital appreciation and sustained compound return.
 
Though not mandatory and after careful deliberation, the Board has decided to declare this special dividend so that the tax credits under Section 108 of the Income Tax Act 1967 could be utilized before expiring at the end of 2013.
 
Looking ahead, the Board, together with the fund manager and investment adviser, would continue to safeguard the long-term interests of the shareowners and ensure that the fund continues to perform for the benefit of the shareowners based on the existing investment objectives. Given the concerns of the fund manager, icapital.biz Berhad has been maintaining a high level of cash (around RM1.47 per share) for a quite a while now. However, the current turbulence seen in the local stock market would offer attractive investing opportunities.
 
If you would like more information or talk to Tan Teng Boo (the Designated Person for icapital.biz Bhd), please contact Hui Shan at:

Telephone Number: 03 2070 2107 or 2108    Fax Number: 03 2070 6653    Email: info@cdam.biz


About icapital.biz Berhad

On 19th October 2005, icapital.biz Berhad, a RM140 million closed-end fund, was listed on the Main Board of Bursa Malaysia and remains the only listed closed-end fund. Since then, its assets have expanded to more than RM416 million and generating an annual compound return of more than 15%. This fund is managed by Capital Dynamics Asset Management Sdn Bhd and advised by Capital Dynamics Sdn Bhd.

Follow us on Facebook      www.icapital.my