Invico Capital Corporation is pleased to declare a non-recurring additional distribution for Invico Diversified Income Fund (“IDIF” or “the Fund”) unitholders of record as at September 30, 2022, to be paid on November 4, 2022.
This announcement marks the third additional distribution announced by IDIF this year and is representative of the Fund’s strong performance through the third quarter, led in part by substantial deployment in private debt opportunities. IDIF completed seven advances totaling approximately $35.9 million under new and existing financing commitments in support of our borrowers’ active growth initiatives. Additionally, with high commodity prices and economic constraints continuing to drive inflationary pressures in all sectors and volatility in public markets, IDIF’s diversified composition and energy exposure has produced incremental returns above targeted rates.
“With the strong performance of IDIF’s loan portfolio and continued positive energy fundamentals for oil and gas in North America, the Fund has continued to generate cash flow above our base distribution targets,” said Chris Wutzke, Chief Investment Officer at Invico and Portfolio Manager of IDIF. “We are pleased to reward our unitholders with another additional distribution and provide them with a viable hedge against high inflation.”
In the aggregate, this announcement represents an additional $1.8 million in distributions for IDIF unitholders in the third quarter, and a total of $5.8 million in distributions thus far in 2022.
For more information on IDIF, including how to invest, please visit our Investing page.