The Investment Committee of the Chapel Hill Denham Nigeria Infrastructure Debt Fund (NIDF) has announced that as a result of the positive impact of the sale of an asset, the Committee has approved a Special Distribution from the sale proceeds to the Fund’s Unitholders.
The Special Distribution is N6.55 per unit (Six Naira Fifty-Five Kobo) less withholding tax where applicable. The Special Distribution is payable on 15th December 2023 to Unitholders whose names are in the Register of Unitholders as at the Qualification Date of 11th December 2023.
NIDF will continue to pay quarterly distributions and the next quarterly distribution in early January 2024 will be for the quarter ending 31st December 2023.
About Nigeria Infrastructure Debt Fund (NIDF)
The Nigeria Infrastructure Debt Fund (NIDF) is the first listed infrastructure debt fund in Nigeria registered with and regulated by the Securities and Exchange Commission, Nigeria, and listed on the NGX and the FMDQ Exchanges, Lagos. It is a closed ended investment trust which operates in the form of a company. NIDF offers the most attractive yield on the NGX and has continuously paid quarterly distributions. Its objective is to provide investors with regular, sustained, long-term distributions and to preserve capital over the long-term by generating exposure to Naira-denominated infrastructure debt in Nigeria, which generates regular and predictable long-term cash flows.
About Chapel Hill Denham
Chapel Hill Denham is Nigeria’s leading investment firm. The firm is Nigeria’s most trusted adviser and invests in areas accretive to Nigeria and Africa’s growth.