UCIF Pays N1.98bn Dividends To Unitholders

United Capital Infrastructure Fund (UCIF), the infrastructure investment arm of United Capital Plc, has distributed a total of N1.98 billion in dividends to its unitholders for the 2024 financial year.

The fund, which operates a bi-annual distribution structure, paid N769 million as an interim distribution for the first half of the year, followed by N1.21 billion for the second half. These payouts, covering both principal and interest, reflect UCIF’s commitment to delivering strong investor returns while financing transformative infrastructure projects.

UCIF recorded a gross return of 23.08 percent for 2024, with revenue surging by 150 percent from N791 million in 2023 to N1.9 billion in 2024. The fund continues to channel capital into critical sectors such as power, renewable energy, agriculture, telecoms, and recycling, driving economic growth and sustainability in Nigeria and Sub-Saharan Africa.

Speaking on the achievement, Mr. UcheNna Mkparu, Chief Investment Officer and Fund Manager at UCIF, emphasised the fund’s dedication to good governance, profitability, and sustainable development:

“UCIF’s performance highlights our commitment to sound investment principles and high-impact projects. Our focus remains on delivering strong returns while funding essential infrastructure that supports Nigeria’s economic transformation.”

UCIF is a SEC-licensed, N150 billion closed-ended infrastructure fund focused on financing strategic projects in agribusiness, gas infrastructure, healthcare, and manufacturing. In adhering to global best practices in sustainability and governance, UCIF aims to provide competitive returns while driving economic development across Africa.