The Coronation Infrastructure Fund (CIF), which was news in early 2024 to achieve the greatest capital increase in a series I issuance for an infrastructure fund in Nigeria, has officially figured into the main board of the Nigerian exchange (NGX).
The list of N8.79 billion comprising 87.9 million units to N100 per unit
For investors seeking long -term exposure to infrastructure growth, CIF offers a professionally convincing and administered platform.
Managed by Coronation Asset Management LTD, a subsidiary of Coronation Group, the list marks a significant milestone of products in the evolution of the Nigeria alternative investment panorama.
With 87.9 million units listed in N100 per unit, CIF becomes an accessible liquid product for investors eager to participate in the Nigeria infrastructure revolution delivered through a platform that prioritizes the growth administered by the risk and real economic impact.
The background is based on the spirit of coronation products: delivery of solutions that are not only invertible, but transformative.
“At coronation, ort belief is simple – Great Products Can Shape Economies. The Coronation Infrastructure Fund is One Such Product: Rooted In Deep Market Insight, Backed by Strong Government, And Built To Generate Wealth Sustainable. More Importently, It Plays A Catalytic Role in Add Nigeria’s Infrastructure Deficit by Direting Long-Term Capital into the sectors that Matter Most-Transport, Energy, Housing, and Beyond, ”Said Aigbovbioise Aig -imokhuede, Executive Director, Coronation Asset Management.
The CIF is the MAIDEN Infrastructure Fund for the best performance of Nigeria, which already distributes N1.7 billion in dividends and establishes a solid history in critical sectors such as transport, energy, real estate and public services. The Fund offers investors a unique combination of capital preservation, semiannual income and impact investment, packaged as a professional managed product.
“The CIF list marks an inflection point. It is the time when infrastructure investment is democratized through our product offer. This is what we do in the coronation: we turn the vision into invertible results,” said Mayowa Ikotun, chief of coronation infrastructure in the management of coronation.
“As the infrastructure approaches investors through the deliberate innovation of products, coronation is not only remodeling what the creation of wealth in Africa means, we are building a continuum of opportunities. As the coronation infrastructure fund advances towards its issuance of series II, the vision remains clear: for the purpose and performance of the bridge, capital and country to the transformative potential of the infrastruct.
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