The Nigeria Infrastructure Debt Fund (NIDF) on Thursday announced a quarterly distribution—for the second quarter ended June 30, 2024—of N4.27 per unit with a qualification date of July 18, 2024.
This distribution will be paid to eligible unitholders on July 25, 2024 and is fully funded from the cash inflows generated by the Fund during the quarter, the fund disclosed in a statement to the Nigerian Exchange (NGX) on Thursday.
Daily Trust reports that NIDF is the first listed infrastructure debt fund in Nigeria registered with and regulated by the Securities and Exchange Commission (SEC) and listed on the NGX and the FMDQ Exchange, Lagos.
It is a closed ended investment trust which operates in the form of a company.
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According to the report, the fund recorded a distribution yield of 18.02% as of June 30, 2024.
As at the period ending June 30, 2024, NIDF had a diversified portfolio of 25 investments. The infrastructure loan portfolio had a weighted average annualised yield of 20.6%, weighted average tenor at disbursement of 9.2 years, and weighted average remaining life of 4.8 years.
The fund has also witnessed a cumulative performance over the year with the Total Return rising to 309.6 as against 289.5 in 2023.
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