Stanbic IBTC Infrastructure Fund Subscribers Get Cash Reward

By Aduragbemi Omiyale

Investors who subscribed for the first tranche of the Stanbic IBTC Infrastructure Fund have received a total cash reward of N3.24 per unit.

The investment tool was designed by Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc, to bridge the gap between the funding needs of promoters of viable infrastructure projects and long-term institutional investors.

After the tranche I was launched on September 30, 2021, the company paid an interim distribution of N1.24 each to unitholders in November 2021 and in January 2022, it paid a final distribution of N2.00 per unit for the 2021 fiscal year.

The Chief Investment Officer of Stanbic IBTC Infrastructure Fund, Mr Dolu Olugbenjo, while commenting on the development, said, “We are pleased to be playing a role in investing in projects that reduce our country’s existing infrastructure deficit while making positive contributions to the Nigerian macroeconomic landscape.

“We were able to make our first set of distributions to unitholders via investing in critical projects like gas storage infrastructure, which will increase the penetration of cleaner energy for domestic use.

“We urge institutional investors to take advantage of the Stanbic IBTC Infrastructure Fund by forming long-term partnerships with us to collectively support investments that bridge the infrastructure gap in our nation.”

It was gathered that Stanbic IBTC Asset Management is planning to introduce the second tranche of the N100 billion infrastructure fund.

This will allow more qualified investors to take advantage of this opportunity after securing all the necessary regulatory approvals.

The financial institution assures investors that the infrastructure fund will continue to make investments that have positive multiplier effects, particularly in the areas of social and environmental benefits.

The initiative focuses on delivering long-term sustainable returns to investors by unlocking investment opportunities across key infrastructure sectors in transportation, power and energy, telecommunications, healthcare, water treatment and waste management.

It specifically targets projects with positive social and economic impact whilst delivering sustainable and competitive returns to its investors.