Unit holders of VETGRIF30 to get final distribution May 28

Vetiva Griffin 30 Exchange Traded Fund (ETF) has concluded plans to make payment of final distribution for the 10-month period ended December 31, 2014. Consequently, a final distribution at the rate of 10 kobo per unit of the ETF will be paid to unit holders, whose names appear in the register of unit holders of the ETF as at 5p.m on Thursday, May 28, 2015.

“To enable our transfer agent (Central Securities Clearing System Plc) prepare for the payment of the final distribution, the ETF’s register of unit holders will be closed by 5p.m on Thursday, 28 May, 2015”, Damilola Ajayi, managing director/CEO, Vetiva fund manager said in a statement, noting that payment date for unit holders will be Monday, June 01, 2015.

Ajayi had explained that Vetiva Griffin 30 Exchange Traded Fund represents a convenient and efficient way for investors to have access to the top 30 most capitalised 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).

Source : BusinessDay

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