Coron Asset Management Proposes N789.8m Distribution

Coron Asset Management proposed an interim income distribution of N8.985 per unit for its CIF fund, amounting to approximately N789.78 million, based on an outstanding unit of 87.9 million. This distribution is subject to withholding tax and will be paid to unitholders registered by July 22, with the payment scheduled for July 28.

The fund reported a total comprehensive income of N791.5 million for the first half of 2026, with interest income being the primary revenue driver at N881.8 million. Infrastructural loans contributed N576.8 million, representing 65% of the income.

The fund's operational expenses were N98.3 million, leading to an operational profit margin of nearly 90%. The total assets of the fund stood at N9.88 billion, with infrastructural loan investments accounting for N6.37 billion.

The net asset attributable to unitholders was N9.83 billion, with unitholder contributions at N8.79 billion. The proposed payout reflects a decrease from the previous year's distribution of N10.13 per unit.