The United Capital Infrastructure Fund has announced a total dividend distribution of N1.98bn to its unitholders for the year ended 2024.

In a recent statement, the fund which is the infrastructure fund of the leading Pan-African financial services group, United Capital Plc, has a bi-annual distribution structure, the Fund paid an interim distribution of N769m for the first half of 2024.

This was followed by a distribution of N1.21bn for the second half, bringing the total distribution to unitholders for the full year to N1.98bn. These payments, comprising both accrued principal and interest, reflect the Fund’s unwavering commitment to delivering exceptional value to its unitholders while advancing impactful infrastructure financing initiatives across key sectors.

Speaking on the milestone, Chief Investment Officer and Fund Manager at UCIF, UcheNna Mkparu, said, “UCIF’s performance underscores our adherence to good governance principles and compliance with the Fund’s investment policy. We’re committed to delivering robust returns while actively contributing to the growth of critical sectors of the economy. Looking ahead, we aim to continue to deliver superior performance and prioritise high-impact investments that are profitable for our investors and foster sustainable development in Nigeria and Africa.”

UCIF achieved a gross return of 23.08 per cent for the year, with revenues growing by 150 per cent from N 791m in 2023 to N 1.9bn for the year-ended 2024.

“This impressive growth affirms that the Fund is a profitable investment delivering attractive returns, whilst exposing investors to financing high-impact, value-adding infrastructure investments in strategic sectors of the economy,” read part of the statement.

United Capital Infrastructure Fund is a SEC-licensed, N150bn closed-ended infrastructure fund designed to finance and support infrastructure and related projects in Nigeria and Sub-Saharan Africa.