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Hicl to raise £50m in new equity
by James Phillipps on Jun 16, 2014 at 08:02
Hicl is to raise an additional £50 million through a tap issuance.
The £1.5 billion infrastructure investment trust has proven a hit with investors of late with demand for its diversifying income stream, having pushed the vehicle to a premium of 16.1%. Over the past year the trust has returned 11.7% in share price terms.
The new issuance will see just over 37 million shares created with the book build due to be completed by 18 June.
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by James Phillipps on Jul 25, 2014 at 14:49