StockMarketWire.com - John Laing Infrastructure Fund, or JLIF, said Friday its portfolio generated underlying growth of 1.84% in the first three months of the year, and net asset value per share grew 0.7%.

For the three months to 31 March 2018, underlying growth in portfolio value for the three months to 31 March 2018 of 1.84% to £1,378.6m.

On an absolute basis, however, the portfolio value decreased by £0.7m amid cash of £13.9m distributed from the portfolio, negative unrealised exchange rate of £11.8m and the unwind of the discount rate of £25.0m.

Net Asset Value was £1,244.3m at 31 March 2018, while Net Asset Value per share as at 31 March 2018 was 125.5p cum-div, or 121.9p ex-div, up 0.7% on 31 December 2017.

The firm paid a dividend of 3.57p per share in May 2018, representing a 2.5% increase on the most recent dividend paid in October 2017 of 3.48p per share.

Good progress had been made in transitioning the facilities management services at the nine projects affected by the compulsory liquidation of Carillion, and the portfolio continued to perform in line with expectations, the firm said.


At 8:22am: [LON:JLIF] John Laing Infrastructure Fund Ltd share price was +0.3p at 117.5p



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