United Capital Infrastructure Fund (UCIF) distributed 1.98 billion naira to investors for fiscal year 2024. The fund, operated by United Capital Plc, made payments in two installments according to its semi-annual structure

In accordance with its semi-annual distribution structure, the Fund paid an interim distribution of N769 million for the first half of 2024.

This was followed by a distribution of N 1.21 billion for the second half of the year, bringing the total distribution to unitholders for the full year to N 1.98 billion.

These payments, including both principal and accrued interest, reflect the Fund's unwavering commitment to providing exceptional value to its unitholders while advancing high-impact infrastructure financing initiatives in key sectors.

Speaking on the occasion of this important milestone, UChenna Mkparu, Investment Director and Fund Manager at UCIF, said:

“The performance of UCIF underlines our adherence to the principles of good governance and our compliance with the Fund's investment policy. We are committed to providing solid returns while actively contributing to the growth of critical sectors of the economy. In the future, we want to continue to offer superior performance and to focus on high-impact investments that are profitable for our investors and promote sustainable development in Nigeria and Africa.

UCIF achieved a gross return of 23.08% for the year, with revenues up 150%, from 791 million naira in 2023 to 1.9 billion naira for the fiscal year ending in 2024. This impressive growth confirms that the Fund is a profitable investment offering attractive returns, while exposing investors to the financing of high-impact and value-added infrastructure investments in strategic sectors of the economy