Infrastructure Fund Declares $0.155 March Distribution with 41.94% Long-Term Capital Gains
The fund declared a $0.155 March distribution, with 46.97% net investment income, 41.94% long-term capital gains and 6.32% return of capital, raising year-to-date distributions to $0.465 per share. NAV total return was 16.31% year-to-date with a 1.58% cumulative distribution rate and a five-year average NAV return of 12.55%.
1. Distribution Breakdown
The fund announced its March 31, 2026 distribution of $0.155 per share, comprised of 46.97% net investment income, 4.77% short-term capital gains, 41.94% long-term capital gains and 6.32% return of capital. This brings cumulative fiscal year-to-date distributions to $0.465 per share, with sources detailed on the fund’s website and shareholder notices.
2. Year-to-Date Performance
Through February 28, 2026, the fund’s net asset value total return reached 16.31% year-to-date, while the cumulative distribution rate for the current fiscal period stood at 1.58% of NAV. These figures reflect reinvestment of monthly payouts and market value changes over the period.
3. Five-Year Returns and Distribution Yield
Over the five-year period ending February 28, 2026, the fund delivered an average annual NAV total return of 12.55%. The current annualized distribution rate based on NAV is 6.32%, underscoring the regular income component of the fund’s returns.
4. Investor Considerations
A return of capital portion reduces shareholders’ tax basis rather than representing taxable income, which may affect after-tax returns. The board retains flexibility to amend or suspend the managed distribution policy, a factor that could influence future distribution levels and share price performance.