United Capital Infrastructure Fund Distributes N1.98bn in Dividends to Investors

United Capital Infrastructure Fund (UCIF), part of the leading Pan-African financial services group United Capital Plc, has announced a total dividend distribution of N1.98 billion to its investors for the year 2024.

Following its bi-annual distribution strategy, the Fund issued an interim distribution of N769 million for the first half of 2024. This was followed by a distribution of N1.21 billion for the second half, culminating in a total annual distribution of N1.98 billion to unitholders.

These dividend payments, comprising both principal and interest, demonstrate the Fund’s commitment to providing excellent value to its investors while promoting significant infrastructure financing initiatives across various key sectors.

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Commenting on this achievement, UcheNna Mkparu, Chief Investment Officer and Fund Manager at UCIF, stated:

“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 prioritize high-impact investments that are profitable for our investors and foster sustainable development in Nigeria and Africa.”

For the year, UCIF achieved a gross return of 23.08%, with revenues increasing by 150% from N791 million in 2023 to N1.9 billion by the end of 2024. This impressive growth highlights the Fund as a profitable investment option, offering attractive returns while supporting high-impact, value-adding infrastructure projects in strategic economic sectors.

UCIF continues to invest in critical sectors such as recycling, power, renewable energy, agriculture, and telecommunications to promote sustainable development across Nigeria and Africa.