The John Laing Infrastructure Fund (JLIF) said it had successful raised over 60 million pounds in a share issue that was significantly oversubscribed.
The fundraising effort, which included an open offer, a subscription offer and a placing, means almost 57m new shares will be issued pulling in a total of £60.4m for the company.
The proceeds will be used to acquire two new projects and an additional stake in Forth Valely Royal Hospital from John Laing Group.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Chairman Paul Lester said the demand for new shares came despite a backdrop of ongoing uncertainty in capital markets.
"Investors remain attracted to our proven, low-risk model offering a high, predictable dividend yields," he said.
"We will be using the proceeds to acquire a new portfolio of three quality, operational, public/private partnership assets, which meet JLIF's stated investment strategy."
-
Lloyds axes foreign currency fees for Club Lloyds customersClub Lloyds customers will be able to withdraw their money abroad without incurring any extra fees
-
How to invest during stagflationTrump’s tariffs look poised to push the global economy into a period of stagflation. We look at how to ensure your investments can survive a global slowdown.
