nvestors in the Nigerian International Debt Fund (NIDF) – an NSE listed mutual fund that invests in fixed income securities of Federal and State Governments – will get no less than N49.00 per note as the Fund Managers, Afrinvest Asset Management Limited, commence payment of final coupon for the 2015 financial year on February 3, 2016.
This represents the 36th coupon in the life of the Fund since its inception in 1997.
According to Ola Belgore, Managing Director of AAML, “The sum of N27,167,567.36 would be distributed amongst note holders on the register of the NIDF as of December 31, 2015 at N49 per note. This in line with the structure of the NIDF, which is designed to pay distributions twice a year, having paid an interim coupon of N38.21 in July 2015.”
Belgore noted, “NIDF offers investors safety, capital preservation, steady returns, diversification and value, and has a consistent dividend history making it quite attractive for both individual and institutional investors such as Pension Fund Administrators (PFAs), insurance companies, asset managers and gratuity funds.”
In 2015, the NIDF was rated “A-” by Global Credit Rating Company (GCR). This rating by one of the leading global rating agencies is among the best for mutual funds in the market today.
Afrinvest Asset Management Limited is a subsidiary of Afrinvest West Africa Limited, a wealth advisory firm involved in investment banking, securities trading, asset management and investment research with a focus on West Africa.