Afrinvest Asset Management Limited (AAML), Fund Managers of the Nigerian International Debt Fund (NIDF) is set to pay investors the interim coupon for the 2017 financial year in August 2017. This marks the 39th coupon since the creation of the Fund, in line with its consistent dividend history since 1997.
NIDF is a Nigerian Stock Exchange (NSE) listed mutual fund that invests in fixed income securities of Federal and State Governments, characterized by minimum risk, steady returns and high investment liquidity. It is designed to pay coupons twice a year.
According to Ola Belgore, Managing Director of AAML, “NIDF is declaring the sum of N17,302,395.17 as interim coupon to be distributed amongst subscribers in the register of the Fund as at August 11, 2017. Investors who are yet to invest in the fund, therefore, have a window of opportunity to invest between now and August 11, 2017 to enjoy the full benefits of the coupon.”
He further stated, “the fund closed at N231.79 per note as at July 31, 2017, and continues to offer investors safety, capital preservation, steady returns, diversification and value. We are, therefore, confident that the NIDF will remain profitable 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) – a leading global rating agency, and among the best for mutual funds in the market today.