Shareholders in the £808m John Laing Infrastucture Fund have seen a 4 per cent total return in the first half of the year after the portfolio value increased.
The trust’s interim results show the portfolio value rose by 1.2 per cent, or £9.4m, since Decemebr 31 to £805.2m as at June 30.
This resulted in the 4 per cent shareholder return, which included an increased dividend of 3.25p per share.
The trust’s profit before tax for the six-month period was £27.3m, higher than the £22.1m figure for the same period in 2013.
Paul Lester, chairman of the trust, said existing projects were “performing strongly”.
“We also continue to develop our pipeline of potential acquisitions, while maintaining a disciplined approach to further investment, as our priority remains on ensuring long term sustainable returns,” he said.
“We are optimistic about new opportunities coming to market in the short to medium term, as we take further steps to build our overseas presence in Continental Europe, Australia and the United States.”
