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Hicl to raise £50m in new equity

Hicl to raise £50m in new equity

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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