ARM Investment Managers Ltd has announced cash distributions for the second half of 2025 for the MoFI Real Estate Investment Fund (MREIF), proposing dividends of N3.7468 per unit for Series I and N9.7192 per unit for Series II.
The disclosure was made in a corporate actions notice filed with the Nigerian Exchange (NGX) at the close of trading on February 19, 2026, covering the financial period ended December 31, 2025.
Dividend Breakdown
Under the proposal:
Series I: N3.7468 per unit
Series II: N9.7192 per unit
Qualification Date: February 20, 2026
Register Closure: From February 23, 2026
Payment Date: February 27, 2026
Registrar: Africa Prudential Plc
Payment Method: Electronic (e-dividend mandate required)
The significant difference in payout reflects the structural variations and distinct risk-return profiles of the two series.
Eligibility and Payment Process
Investors whose names appeared on the register as of the close of business on February 19, 2026, will qualify for the dividend payment.
Dividend disbursement is scheduled for February 27, 2026, and will be processed electronically. Investors yet to complete their e-dividend mandate have been advised to do so promptly to avoid delays.
ARM reiterated its commitment to electronic dividend payments as part of ongoing efforts to enhance operational efficiency and reduce unclaimed dividends in Nigeria’s capital market.
Performance on NGX
Since listing, the MOFI Real Estate Investment Fund has recorded limited trading activity on the NGX. The fund ranks among the least traded securities since November 2025.
Total traded volume: 87,664 units
Total value traded: N9.63 million
Number of deals: 64
Average per session: 1,391 units
Highest single-day volume: About 25,000 units on November 24, 2025
Despite the relatively low liquidity, the proposed dividend payout is expected to stimulate renewed investor interest.
Background
The N1 trillion Series II of the MOFI Real Estate Investment Fund, an initiative of the Ministry of Finance Incorporated (MOFI), was listed on the NGX on November 11, 2025.
With 1 billion units priced at N100 each at listing, the fund was introduced to deepen housing finance and unlock value from federally owned real estate assets. The Series I and II units were structured to attract different classes of investors by offering varying risk-return profiles.
Investors in Series II are set to benefit from the stronger income performance reflected in the higher dividend declared for H2 2025.
