New Delhi, Cube Highway Trust, managed by Cube Highway Fund Advisors Pvt Ltd, has approved distribution of Rs 3.94 per unit to common unitholders, aggregating Rs 508 crore for Q4 FY24.
The per unit distribution includes Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paise as treasury income, the statement said.
"The board of directors of the investment manager has announced a distribution of Rs 3.94 per common unit (DPU) to common unitholders, amounting to a total distribution amount of Rs 508 crore," the statement said.
The annual DPU of Rs 10.09 announced for FY2014 includes Rs 7.1 per unit interest, 99 paise dividend, Rs 1.94 repayment of SPV loan and 6 paise treasury income, the trust said.
Vinay Sekar, CEO, Cube InvIT, said, “We plan to acquire seven more road assets, subject to necessary regulatory and unitholder approvals, six of which are based on NHAI's hybrid annuity model, where revenues are not dependent on traffic. and hence will contribute to higher revenues. Stability and yield."
Cube Highway Trust is an infrastructure investment trust and is backed by a diverse investor base.
The per unit distribution includes Rs 1.79 as interest, 20 paise as dividend, Rs 1.94 as repayment of SPV loan and 1 paise as treasury income, the statement said.
"The board of directors of the investment manager has announced a distribution of Rs 3.94 per common unit (DPU) to common unitholders, amounting to a total distribution amount of Rs 508 crore," the statement said.
The annual DPU of Rs 10.09 announced for FY2014 includes Rs 7.1 per unit interest, 99 paise dividend, Rs 1.94 repayment of SPV loan and 6 paise treasury income, the trust said.
Vinay Sekar, CEO, Cube InvIT, said, “We plan to acquire seven more road assets, subject to necessary regulatory and unitholder approvals, six of which are based on NHAI's hybrid annuity model, where revenues are not dependent on traffic. and hence will contribute to higher revenues. Stability and yield."
Cube Highway Trust is an infrastructure investment trust and is backed by a diverse investor base.
