December 10, 2013

FBN Heritage Fund Pays Dividend

FBN Heritage Fund managed by FBN Capital Asset Management, a subsidiary of FBN Capital Ltd, the Investment Banking and Asset Management subsidiary of FBN Holding Plc will on Tuesday, December 10, 2013 pay its first dividend to its various unit holders.

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.

According to the Managing Director FBN Capital Asset Management, Mr. Michael Oyebola, “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. Besides the consistently strong growth that investors should continue to expect, they can now also expect a reward of ₦10.00 per unit dividend”.

In continuation, Oyebola stated 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.Our strong positive returns are a result of our strategic positioning in the Fund throughout the year and our 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. For further information on the dividend payment or the FBN Heritage Fund, please contact FBN Capital Asset Management via email mutualfunds@fbncapital.com or by SMS/telephone on +234 8100 8200 82.