IRB InvIT To Distribute Rs. 3.10 Per Unit
IRB InvIT, India’s first listed Infrastructure Investment Trust will be distributing Rs 3.10 per unit for Q4FY19; thus, aggregating the yearly distribution for FY 19 to Rs. 12.25 per unit.
The Board of IRB Infrastructure Pvt. Ltd., an Investment Manager to the IRB InvIT Fund, today announced the first full year financial results of IRB InvIT Fund for FY19, including Q4 for year ended 31st March 2019.
The Board has declared distribution of ~ Rs. 180 Crores to the Unit Holders translating into payout of Rs. 3.10 per unit for Q4; thus annualizing to Rs. 12.25 per unit for FY 19. This includes Rs. 8.85 per unit as Interest and Rs. 3.40 per unit as Return of Capital.
While commenting on the occasion, Mr. Vinodkumar Menon, CEO & Whole Time Director, IRB Infrastructure Pvt. Ltd. said, “This was the first full year performance of the IRB InvIT. Stakeholders would appreciate that we could stand to our commitments on consistent distribution Rs.12 per unit, even in the difficult business and market scenario across all sectors. While expressing our sincere gratitude for showing trust in us, we wish to assure our all stakeholders that we would strive for better results in coming year.”
IRB InvIT has set 10th May 2019 as a record date for distribution and the same will be paid to the unit holders on or before 16th May 2019.