NIDF investors get N60.71 coupon per note

Investors in the Ni­gerian International Debt Fund (NIDF) – an NSE listed mutual fund – will receive an in­terim dividend of N60.71 per note as the Fund Managers, Afrinvest As­set Management Limit­ed, commenced payment on August 13, 2014. The N60.71 coupon per note is well above the initial esti­mated dividend payment of N36.00 per note.
According to a state­ment released by the firm, “The number of qualified notes on the register of the NIDF as at the clo...
sure date of July 29, 2014 stood at 727,515.1892, and a total of N44, 167,447.1363 will be distributed to all note holders at N60.71 per note.”
“Dividends have be­come an important factor for investors to consider and, at Afrinvest, we are committed to providing value for our clients, help­ing them achieve their investment objectives,” said Ike Chioke, Manag­ing Director of Afrinvest West Africa Limited, the parent company of the Fund Manager.
The Nigeria Interna­tional Debt Fund invests in the domestic and in­ternational debt instru­ments of the Federal Government of Nigeria as well as those of the 36 States.
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.
Afrinvest Asset Man­agement Limited is li­censed by the Securities & Exchange Commission as a Portfolio Manager.  It 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.