AVA Infrastructure Fund Pays N98.189/Unit to Unitholders
AVA Infrastructure Fund has announced distribution of more than N400.122 million to its unitholders on April 14, according to its regulatory filing on the Nigerian Exchange. The closed-end fund registered with the Securities and Exchange Commission distributed N98,189.60 kobo per unit to unitholders for the six-month period from Oct 9, to April 2025.
With 4,075 outstanding units, details from the Nigerian Bourse showed that AVA Infrastructure is worth N4.075 trillion, at a unit price of N1 million. During 2024, the fund’s total income was ₦798.61 million, according to its financial report. The net income for the period, after meeting the fund expenses, was ₦ 653.236 million.
The Fund said as of 31 December 2024, its Net Asset Value stood at ₦4.31 billion, represented by 4,075 units. Accordingly, the net asset value per unit of the fund as of 31 December 2024 was ₦1,056,990.92. The fund price settled at N1 million per unit on the Nigerian Exchange.
For 2025, the fund manager is actively engaging potential project sponsors and sourcing projects to be financed by the fund, according to details from its regulatory filing. The Fund revealed that conversations are at advanced structuring and negotiation stages to disburse into some projects in key sectors of the Nigerian economy.
The Fund provides debt financing for infrastructural development under the Rules on Infrastructure Funds issued by the Securities and Exchange Commission. It provides investors with regular and stable income by making primarily debt investments in infrastructure projects located in Nigeria.
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