United Capital Infrastructure Fund (UCIF), the infrastructure fund managed by United Capital Plc says it distributed N1.98bn to unitholders for the year ended 2024.

In accordance with its bi-annual distribution structure, the fund distributed an interim of N769m for the first half of 2024, followed by a distribution of N1.21bn in the second half, bringing the total for the full year to N1.98bn. The payments comprising both accrued principal and interest, the company said in a statement, reflect the Fund’s unwavering commitment to delivering exceptional value to its unit holders while advancing impactful infrastructure financing initiatives across key sectors.

Speaking on this milestone, UcheNna Mkparu, Chief Investment Officer and Fund Manager of the fund 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.”

According to him, the fund aims “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.”

UCIF achieved a gross return of 23.08% for the year, with revenues growing by 150% from N 791 million in 2023 to N 1.9 billion 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.

UCIF continues to support critical sectors such as recycling, power, renewable energy, agriculture and telecoms, towards fostering sustainable development across Nigeria and Africa.