FBN Heritage Fund pays N10 dividend to unit holders

Heritage Fund, managed by FBN Capital Asset Management, a subsidiary of FBN Capital Ltd will pay its first dividend to its various unit holders today, Tuesday.

FBN Capital Asset Management is the Investment Banking and Asset Management subsidiary of FBN Holding Plc.

The heritage fund, which offers investors superior medium-to-long term earnings by investing in a diversified portfolio of equities, bonds and Treasury Bills was created in April 2008 and will be paying N10.00 per unit holdings to its investors for the year ended 31st March 2013.

The Managing Director FBN Capital Asset Management, Mr. Michael Oyebola, in his comment on the payment said, “We would like to thank all our loyal unit holders who have put their faith in the FBN brand and entrusted our investment team with managing their money through the FBN Heritage Fund”.

“Beside the consistently strong growth that investors should continue to expect, they can now also expect a reward of ₦10.00 per unit dividend”, he added.

Oyebola revealed further that “as at October 31, 2013, FBN Capital Asset Management has successfully turned around the ₦5.3bn FBN Heritage Fund returning 28% in 2012 and 15% YTD in 2013”.

He noted that the strong positive returns was a result of strategic positioning in the Fund throughout the year and the ability to accurately anticipate and respond quickly to changes in debt and equity markets.

The FBN Heritage Fund is recommended for investors looking to build wealth through a single diversified portfolio and seeking long-term capital growth and competitive returns.