United Capital Infrastructure Fund (UCIF) distributed N1.98 billion to investors for the 2024 financial year. The fund, operated by United Capital Plc, made the payments in two instalments according to its bi-annual structure.
Financial records show the fund paid N769 million in the first half of 2024, followed by N1.21 billion in the second half. The fund’s revenue increased from N791 million in 2023 to N1.9 billion in 2024, representing a 150% increase. Its gross return stood at 23.08% for the year.
“UCIF’s performance underscores our adherence to good governance principles,” said Uchenna Mkparu, the fund’s Chief Investment Officer and Fund Manager. “We’re committed to delivering robust returns while actively contributing to the growth of critical sectors of the economy.”