Key Takeaways
- • MOFI Real Estate Investment Fund declares H1 2026 interim distributions of ₦2.8022 per unit for Series I investors and ₦8.6136 per unit for Series II investors, subject to withholding tax.
- • Dividend payments scheduled for July 15, 2026, for qualified unitholders whose names appear on the register as of July 10, 2026 (the qualification date).
- • ARM Investment Managers Limited manages the fund, which operates under a ₦1 trillion shelf programme structure designed to mobilise capital for residential and commercial real estate investments in Nigeria.
- • Fund demonstrates semi-annual distribution commitment aligned with stated policy to pay up to 90% of net income to unitholders, reinforcing income-focused investment strategy.
- • Investors must complete electronic dividend registration with Africa Prudential Plc (the registrar) or through their respective banks to receive distributions directly into designated accounts on or after July 15, 2026.
Summary
The MOFI Real Estate Investment Fund (MREIF), managed by ARM Investment Managers Limited, has declared interim distributions for the first half of 2026, marking the latest periodic return to its investor base. Series I unitholders will receive ₦2.8022 per unit, while Series II investors will receive ₦8.6136 per unit, both figures subject to applicable withholding tax. The significant difference in per-unit distributions reflects the distinct risk-return profiles and terms associated with each series.
The fund has established July 10, 2026, as the qualification date, with eligibility determined by names appearing on the Fund's register at the close of business on that date. The unitholders' register will close from July 13, 2026, in preparation for the distribution exercise, and dividend payments are scheduled for July 15, 2026. ARM Investment Managers has emphasized that only qualified investors who have completed the electronic dividend registration process will receive distributions directly into their designated bank accounts on the payment date.
ARM has advised investors who have not yet enrolled in the e-dividend payment platform to complete registration immediately through Africa Prudential Plc (the Fund's registrar) or their respective banks to ensure prompt receipt of distributions. This administrative requirement underscores the fund's operational structure and the importance of investor compliance with electronic payment infrastructure.
The interim distribution reinforces MREIF's commitment to its semi-annual distribution policy, through which the fund targets paying up to 90% of net income to unitholders. Structured as a closed-end real estate investment fund operating under a ₦1 trillion shelf programme, MREIF was launched to support Nigeria's housing finance and real estate development objectives by mobilising long-term capital for residential and commercial property investments. The H1 2026 distribution reflects income generated from the fund's underlying real estate portfolio and demonstrates continued operational performance aligned with its income-focused investment mandate.
The fund has established July 10, 2026, as the qualification date, with eligibility determined by names appearing on the Fund's register at the close of business on that date. The unitholders' register will close from July 13, 2026, in preparation for the distribution exercise, and dividend payments are scheduled for July 15, 2026. ARM Investment Managers has emphasized that only qualified investors who have completed the electronic dividend registration process will receive distributions directly into their designated bank accounts on the payment date.
ARM has advised investors who have not yet enrolled in the e-dividend payment platform to complete registration immediately through Africa Prudential Plc (the Fund's registrar) or their respective banks to ensure prompt receipt of distributions. This administrative requirement underscores the fund's operational structure and the importance of investor compliance with electronic payment infrastructure.
The interim distribution reinforces MREIF's commitment to its semi-annual distribution policy, through which the fund targets paying up to 90% of net income to unitholders. Structured as a closed-end real estate investment fund operating under a ₦1 trillion shelf programme, MREIF was launched to support Nigeria's housing finance and real estate development objectives by mobilising long-term capital for residential and commercial property investments. The H1 2026 distribution reflects income generated from the fund's underlying real estate portfolio and demonstrates continued operational performance aligned with its income-focused investment mandate.
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