Nigeria Infrastructure Debt Fund (NIDF) has disclosed a N4.40 per unit quarterly distribution for the second quarter (Q2) ended June 30. The qualification date for this N4.40 per unit quarterly distribution is July 17.
The Nigeria Infrastructure Debt Fund is the first listed infrastructure debt fund in Nigeria registered with and regulated by the Securities and Exchange Commission (SEC) and listed on the Nigerian Exchange Limited (NGX) and the FMDQ Exchange.
During half year (H1) to Jun, NIDF had a diversified portfolio of 15 investments. The infrastructure loan portfolio had a weighted average annualised yield of 18.23 percent, weighted average tenor at disbursement of 10.33 years, and weighted average remaining life of 7.74 years.
The Fund has outstanding commitments of N6.2 billion and an additional investment of N25.7 billion that is currently in the conditions precedent (CP) fulfilment phase. Disbursements are expected to commence in July 2026.
The Fund said this distribution will be paid to eligible unitholders on July 27 and is fully funded from the cash inflows generated by the Fund during the quarter.
“Going forward, it is the intention of the Fund Manager to continue paying quarterly distributions to unitholders, in line with the actual performance of the Fund and the provisions of the constitutional documents,” it said.
NIDF is a closed-ended fund which operates in the form of a company. It offers the most consistent yield on the NGX and is renowned for paying quarterly distributions.
Its objective is to provide investors with regular, sustained, long-term distributions and to preserve capital over the long-term by generating exposure to Naira-denominated infrastructure debt in Nigeria, which generates regular and predictable long-term cash flows.
NIDF continues to consistently outperform its benchmark: the 10-Year FGN bond. The loans are typically priced at 300-500 basis points (bps) over the benchmark on a floating rate basis. The benchmark declined by 336 bps in 2026 as compared to 2025.