Invico Capital Corporation is pleased to declare a one-time, non-recurring additional distribution for Invico Diversified Income Fund (“IDIF” or “the Fund”) unitholders of record as at December 31, 2023, to be paid by Friday, March 15, 2023.
This announcement marks the third additional distribution issued by IDIF for the 2023 calendar year, underscoring the Fund’s resilience through the fourth quarter. The period was characterized by substantial investments in private debt opportunities and a notable oil and gas royalty acquisition in the U.S. IDIF completed three advances, amounting to approximately $52.0 million under new and existing financing commitments to support the active growth initiatives of borrowers. Moreover, despite North American energy prices experiencing a downturn due to record warm temperatures over the winter, IDIF’s diversified portfolio in energy production, which is two-thirds weighted to oil, contributed to achieving incremental returns partially due to accretive acquisitions throughout the year.
In the aggregate, this announcement represents an additional $2.4 million in distributions for IDIF unitholders in the fourth quarter and over $6.3 million in total distributions beyond the target rate for the calendar year. Additionally, investors have now received an aggregate $14.7 million in distributions above the target rate since Q1 2022, with the issuance of seven additional distributions over the past eight quarters.
Please visit our Investing page for more information on IDIF, including how to invest.