TERMINATION OF BSN DANA DIVIDEN AL-IFRAH
- November 28, 2025
- Posted by:
- Category: General
Thank you for investing in BSN Dana Dividen Al-Ifrah (the “Fund”).
We, Permodalan BSN Berhad (“PBSN” or the “Manager”), the Manager of the Fund, are writing to inform you that the termination of the Fund will commence on 31 December 2025 (the “Commencement Date”) and is expected to be completed by 31 January 2026. No further subscriptions into the Fund will be accepted with effect from 28 November 2025. The last date of application for redemption of units is on 30 December 2025.
As at 24 November 2025, the Net Asset Value of the Fund is RM49,805.04. The small size of the Fund and the lack of new subscriptions into the Fund for the past few years have caused the Fund to be uneconomical to be managed. Therefore, we are of the view that it would not be in the best interest of unit holders to continue being invested in the Fund.
In accordance with Clause 12.2.1A of the First Supplemental Deed dated 22 December 2022 and trust deed constituting the Fund dated 09 February 2012, (the “Deed”), the Manager may determine the trust hereby created and wind up the Fund in accordance with the relevant laws. Notwithstanding the aforesaid, the Manager may, in its sole discretion and without having to obtain the prior approval of the Unit Holders, terminate the trust hereby created and wind up the Fund at any time if:
a) it is required by the relevant laws; or
b) in the reasonable opinion of the Manager it is impracticable or inadvisable for the Manager to continue managing the Fund and that the termination of the Fund is in the best interests of the Unit Holders.
In view of the upcoming termination of the Fund, we would like to extend the following options for your kind consideration.
You may choose to continue holding your units in the Fund. In this case, no action on your part is required. Upon completion of the termination of the Fund (i.e. 31 January 2026), you will receive the net cash proceeds derived from the sale of all the investment and assets of the Fund less any payment for liabilities of the Fund and any cash produce available for distribution in proportion to the number of units held by you. The proceeds will be credited to your bank account in the Manager’s record OR a cheque will be issued to you and sent to your registered address in the Manager’s record within three (3) Business Days after the completion of the termination process (i.e. within three (3) Business Days after 31 January 2026).
You may also choose to switch your units in the Fund into units of another fund managed by us, i.e. BSN Dana Al-Jadid and BSN Dana Wakaf Al-Ikhlas. We will waive the switching fee within the period from 28 November 2025 until 30 December 2025 (both dates inclusive) for any switches of units of the Fund into units of another fund managed by us. Switching will be made at the prevailing net asset value per unit of the Fund to be switched from on a business day when the switching request is received and accepted by us on or before the cut off time of 4.00p.m. Please note that the last date for switching of units of the Fund will be 30 December 2025. We will not accept any requests for switching after 30 December 2025.
*Note: As the investment objective, investment policy and strategy and associated risks e.g. specific risks etc. for BSN Dana Al-Jadid or BSN Dana Wakaf Al-Ikhlas may not be the same as that for the Fund, you may contact our customer service officers for further information on the funds which will suit your investment objectives, risk tolerance and/or financial profile. Before deciding whether to switch your units to units in BSN Dana Al-Jadid or BSN Dana Wakaf Al-Ikhlas, you should read the prospectuses and product highlights sheet of the relevant fund carefully and you are advised to consult your own professional advisers concerning your investments. A copy of the prospectus and product highlights sheet are also available at https://www.pbsn.com.my/ and hardcopy may be obtained from us or any of PBSN’s authorised agents or distributors.
Should you choose not to continue holding your units or switch them into BSN Dana Al-Jadid or BSN Dana Wakaf Al-Ikhlas, you may redeem your holdings based on the prevailing net asset value of the units by submitting a completed transaction form to us before or by 30 December 2025. We will not accept any requests for redemption after 30 December 2025.
The cost of termination of the Fund (e.g. printing, publication of notices and mailing of notices to investor) will be borne by the Manager.
We appreciate your trust in us and we are committed to ensuring the best possible outcomes for your investments. Thank you for your understanding and we look forward to serving you in your continued investment journey.
If you have any queries, please contact us at 03-2634 2200 from 8.30 am to 5.30 pm (Malaysia time), Monday until Friday or email us at operation@pbsn.com.my.
Yours faithfully
For Permodalan BSN Berhad