Nigeria International Debt Fund

NIDF set to pay the 37th coupon to investors

Lagos, 26th July 2016 –Investors 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 N3.32 per note as the Fund Managers, Afrinvest Asset Management Limited (AAML), commence payment of the interim coupon for the 2016 financial year on July 28, 2016.

 

This represents the 37th coupon since the creation of the Fund in 1997.

 

According to Ola Belgore, Managing Director of AAML, “NIDF is consistent in dividend payment and it is declaring the sum of N18,610,753.79 as interim coupon to be distributed amongst subscribers in the register of the Fund as at June 30, 2016 at N3.32 per note. This in line with the structure of the NIDF, which is designed to pay coupons twice a year. The fund closed at N212.24 as at 30 June 2016”.

 

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.