John Laing Infrastructure Fund 2016 Second Interim Dividend (8561Z)

TIDMJLIF

RNS Number : 8561Z

John Laing Infrastructure Fund

20 March 2017

20 March 2017

John Laing Infrastructure Fund Limited ("the Company" or "JLIF")

2016 Second Interim Dividend

The Board has declared an interim dividend covering the period 1 July 2016 to 31 December 2016.

 
 Distribution period:        1 July 2016 - 31 
                              December 2016 
==========================  ================= 
 Distribution amount per     3.48 pence 
  share: 
==========================  ================= 
 Ex-dividend date:           23 March 2017 
==========================  ================= 
 Dividend record date:       24 March 2017 
==========================  ================= 
 Last date to elect/revoke   28 April 2017 
  elections: 
==========================  ================= 
 Payment date/Allotment      16 May 2017 
  of scrip: 
==========================  ================= 
 Scrip Alternative in        Yes 
  operation: 
==========================  ================= 
 

The Directors intend that the Company will generally restrict distributions (by way of dividend or otherwise) to the level of distributable cash flows, and dividends to the level of income from the Fund's investments, as recognised in the relevant financial period. Any such dividend or distribution shall be made conditional on the passing of the solvency test under Guernsey law.

Distributions on the shares are expected to be paid twice a year, normally in respect of the six month period to 30 June and 31 December respectively, and are expected to be made by way of interim dividends.

The Board intends to offer a scrip dividend alternative for this distribution to those investors who wish to receive additional JLIF securities in lieu of a cash payment. A circular will be sent to shareholders explaining the terms of the scrip dividend alternative. It is intended that the circular together with scrip dividend election forms will be mailed on or about 11 April 2017 to all eligible JLIF shareholders on the register as at the record date for the dividend, being 24 March 2017. The scrip dividend election forms will need to be completed and returned to Capita Registrars Limited by 28 April 2017 by those investors who wish to receive shares in lieu of cash other than those shareholders who have previously given a Scrip Dividend Mandate to the Company.

Note: The times and dates in this announcement are expected times and dates only and are subject to change. Any such changes will be notified to shareholders through a regulatory information service.

For further information, please contact:

   John Laing Capital Management Limited                                              020 7901 3326 

Andrew Charlesworth

Finsbury 020 7251 3801

Faeth Birch

Philip Walters

This information is provided by RNS

The company news service from the London Stock Exchange

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March 20, 2017 03:02 ET (07:02 GMT)