Stanbic IBTC completes 2021 Infrastructure Fund distribution to unit holders

Stanbic IBTC Asset Management, a subsidiary of Stanbic IBTC Holdings Plc recently announced its final 2021 distribution of N2 per unit to unitholders invested in Tranche I of the Stanbic IBTC Infrastructure Fund (the Infrastructure Fund). The distribution, which was made in January 2022, is in addition to the interim distribution of N1.24 made in November 2021.

The Infrastructure Fund, designed to bridge the gap between the funding needs of promoters of viable infrastructure projects and long-term institutional investors, has distributed a total of N3.24 per unit to investors since completing regulatory approvals for its Tranche I launch on 30 September 2021.

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

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“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,” said Dolu Olugbenjo, Chief Investment Officer, Stanbic IBTC Infrastructure Fund.

“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,” he added.

Stanbic IBTC Asset Management is set to launch the second tranche of its N100 billion Infrastructure Fund to enable 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.

Iheanyi Nwachukwu

Iheanyi Nwachukwu, is a creative content writer with almost two decades journalism experience writing on banking, finance, capital markets, and tax. The multiple awards winning journalist is Assistant Editor, BusinessDay. Iheanyi holds BSc Degree in Economics from Imo State University; Master of Science (MSc) Degree in Management from University of Lagos. Iheanyi has attended several work-related trainings including (i) Advanced Writing and Reporting Skills (Pan African University, Lagos); (ii) News Agency Journalism (Indian Institute of Mass Communication {IIMC}, New Delhi, India); and (iii) Capital Markets Development and Regulations (International Law Institute {ILI} of Georgetown University, Washington DC, USA). Other trainings Iheanyi attended include: Economic/Political Risk Analysis (By Thomson Reuters Foundation); International Financial Journalism (IFJ) (By PMA Media Training, UK); Effective Business Writing Skills (By Phillips Consulting); Reporting on Corporate Governance (By International Finance Corporation (IFC) & Thomson Reuters Foundation UK); etc. In addition, he has participated in high-level economy & markets events in Dubai, South Africa, Morocco, and other African countries like Zambia, Ghana and Gambia.