HICL Infrastructure Regulatory News (HICL)

23 Apr 2008 07:01

HSBC Infrastructure Company Limited23 April 2008 HSBC Infrastructure Company Limited (the "Company") Dividend and Portfolio Valuation HSBC Infrastructure Company Limited is pleased to announce a second interimdistribution of 3.2 pence for the financial year ended 31 March 2008, whichbrings the total distribution for the 2008 financial year to 6.25 pence pershare (an increase of 2.5% over the total distribution of 6.1 pence for thefinancial year to 31 March 2007). The second interim distribution of 3.2 penceper share will be payable on 23 May 2008 to shareholders on the register as at 2May 2008. The Directors have approved valuation of the Group's Portfolio as at 31 March2008 of £437.9 million. This portfolio valuation compares to £384.1 million asat 30 September 2007 (up 14.0%) and £250.4 million at the time of listing. Based on this valuation the Net Asset Value per share on an investment basis asat 31 March 2008 is expected to be approximately 123 pence. Full year results will be announced on 28 May 2008. The Company has separately announced today a C share issue of up to £145million. A prospectus is being sent to shareholders explaining the proposedissue in more detail and advising that the latest date for receipt ofapplications for the Placing and Offer for Subscription is 15 May 2008. For further information, please contact: HSBC Specialist Fund Management Limited +44 (0) 20 7991 8888Tony RoperKeith PickardSandra Lowe M: Communications +44 (0) 20 7153 1530Ed OrlebarTilly von Twickel This information is provided by RNS The company news service from the London Stock Exchange