United Capital Infrastructure Fund (UCIF) distributed N1.98 billion to buyers for the 2024 monetary yr. The fund, operated by United Capital Plc, made the funds in two instalments in line with its bi-annual construction.
Monetary data present the fund paid N769 million within the first half of 2024, adopted by N1.21 billion within the second half. The fund’s income elevated from N791 million in 2023 to N1.9 billion in 2024, representing a 150% enhance. Its gross return stood at 23.08% for the yr.
“UCIF’s efficiency underscores our adherence to good governance ideas,” stated Uchenna Mkparu, the fund’s Chief Funding Officer and Fund Supervisor. “We’re dedicated to delivering sturdy returns whereas actively contributing to the expansion of important sectors of the financial system.”
Learn Additionally: Sterling Monetary Holdings units April 30 to publish its FY’24 outcomes
The fund at present invests in sectors together with recycling, energy, renewable power, agriculture, and telecommunications throughout Nigeria.
Infrastructure funding has turn into more and more essential in Nigeria, the place the event of important services usually lags behind financial development. In most African markets, improvement initiatives usually require private-sector funding to complement public sources.
In response to the fund’s studies, the distributions consisted of each principal and curiosity funds to unitholders.
