Vetiva pays Griffin 30 Exchange Traded Fund distribution

Vetiva Fund Managers Limited (“Vetiva”) has to announced that an interim distribution at the rate of 10 Kobo per unit of the Vetiva Griffin 30 Exchange Traded Fund (VG30 ETF) will be paid to Unit Holders whose names appear in the Register of Unit Holders of the VG30 ETF as at the close of business on July 3rd, 2014.

Damilola Ajayi, Managing Director of Vetiva Fund Managers Limited, said the interim distribution is in line with the structure of the VG30 ETF and the Fund is designed, as indicated in the Fund Prospectus and Trust Deed, to pay Distributions twice a year”. He also added that the “Vetiva Griffin 30 Exchange Traded Fund represents a convenient and efficient way for investors to have access to the top 30 most capitalized and liquid stocks on the Nigerian Stock Exchange, both from a potential capital appreciation and distribution income points of view”.

The VG30 ETF is the first and only equity-based ETF to be listed on The Nigerian Stock Exchange following the listing of the New gold Exchange Traded Fund (a commodity based ETF) in 2011 (in which Vetiva Securities Limited acted as Sponsoring Broker). The Exchange Traded Fund (“ETF”) tracks the Price and Yield performance of the NSE 30 Index (an index of the 30 most capitalized and liquid stocks listed on The Nigerian Stock Exchange).

The ETF was listed in March 2014 and according to the Fund Fact sheet obtained from the Fund Website, the Fund has achieved a capital appreciation of 10.77% as at June 27th, 2014 (from date of listing).

Vetiva Fund Managers Limited is a wholly owned subsidiary of Vetiva Capital Management Limited and is registered with the Securities & Exchange Commission to carry out business as Fund/Portfolio Manager.

 

HOPE MOSES-ASHIKE