John Laing Infrastructure Fund Limited
Preliminary results for the year ended 31 December 2014
Another year of strong performance
• Dividend declared of 3.375 pence per share for the six months to 31 December 2014, up 3.8%, ahead of UK RPI for the third year running
• Net Asset Value ("NAV") up £69.2m to £887.3m, supported by new acquisitions (Increase in NAV per share of 2.3% to 109.3 pence)
• Strong underlying growth of 9.2%, 1.4% ahead of growth arising from discount rate unwind
• £64.8m received in cash from investments, £2.4m ahead of budget
• New investments of £50.8m since 31 December 2013, comprising four new assets and three additional stakes
• Total Shareholder Return of 12.6% during 2014, 49.5% since launch (November 2010)
Commenting on today's results, Paul Lester, Chairman of JLIF, said:
"I am encouraged by the strong performance JLIF has delivered in 2014 achieving record levels of underlying growth which supports the progression of the dividend ahead of UK RPI for the third year running. We remain optimistic about the outlook for JLIF. We continue to focus on delivering growth from our existing Portfolio and selectively investing in new assets which meet our investment criteria and at a price that represents value to our shareholders."
