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HICL Infrastructure plc (HICL) ORD GBP0.0001

Sell:176.80p Buy:177.00p 0 Change: No change
FTSE 250:1.08%
Market closed Prices as at close on 27 June 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:176.80p
Buy:177.00p
Change: No change
Market closed Prices as at close on 27 June 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:176.80p
Buy:177.00p
Change: No change
Market closed Prices as at close on 27 June 2022 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

HICL’s Investment Policy is to ensure a diversified portfolio which has a number of similarly sized investments and is not dominated by any single investment. HICL will seek to acquire Infrastructure Equity with similar risk / reward characteristics to the current portfolio. HICL will also seek to enhance returns for shareholders by acquiring more diverse infrastructure investments.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Fee Structure

Fees payable to the manager include the tapered management fee 1.1% for assets up to GBP 750m, 1.0% for assets between GBP 750m and GBP 1.5bn, 0.9% for assets between GBP 1.5bn and GBP 2.25bn 0.8% for assets above GBP 2.25bn and 0.65% for assets above GBP 3bn plus GBP 0.1m p.a. advisory fee. Agreements can be terminated with 36 months notice.

Dividend Policy

Distributions are expected to be paid every quarter. The Board is pleased to announce dividend guidance of 8.25p per share for the year to 31 March 2024.

ASSET SPLIT

Total number of holdings: 11.

Trust Manager

Harry Seekings

Manager Bio

Harry joined InfraRed in 1998 and is one of InfraRed’s partners. Harry has the day-to-day responsibility for leading the InfraRed team in relation to HICL. Harry returned to London in July 2015, almost seven years after relocating to New York to head the team responsible for originating new infrastructure investments in North America. While in New York, Harry led InfraRed’s business development activities in North America and InfraRed’s participation in public-private partnerships procurements in Canada and the USA. He originated investment opportunities and led the team that won a number of social infrastructure and transportation investments in the USA and Canada. On joining in 1998, Harry was initially a member of the project finance advisory team and then transferred to HSBC's structured capital markets team for a period of two years, with responsibility for originating and structuring financings for public-private partnerships, returning to InfraRed in 2004. Harry has over 15 years’ experience working on infrastructure financings from advisory, debt and equity perspectives. Harry holds a BA in Modern History from the University of Oxford and a Masters in Philosophy in European Studies from the University of Cambridge.

Board Of Directors

Ian RussellChairman, Kenneth Reid, Sally-Ann Farnon, Susanna Davies, Frank Nelson, Simon Holden, Michael Bane, Rita Akushie

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.