Sustainable Infrastructure Dividend Fund raises US$ 80 million
Middlefield group on behalf of Sustainable Infrastructure Dividend Fund has announced that the fund has completed its initial public offering of 8,000,000 units at a price of US$ 10 per unit for gross proceeds of US$ 80 million.
The fund's investment objectives are to provide holders of unit with :
- stable monthly cash distribution
- enhanced long-term total return through capital appreciation of the fund's investment portfolio
Through a diversified, actively managed portfolio comprised primarily of dividend-paying securities of global issuers focused on a significant portion of their revenues from physical infrastructure assets. In addition, the portfolio will be focused on sustainable infrastructure by investing in securities of issuers whose infrastructure assets the advisor believes have been developed and operated taking into account environmental, social and governance considerations.
The initial target distribution yield for the fund is 5% per annum.
Country updates
-
-
March 26, 2020
City of Ottawa issues Notice of Default to Rideau Transit Group
The City of Ottawa in Canada has issued a Notice of Default to Rideau Transit Group, the partnership responsible for maintaining the Confederation Line LRT project. Rideau Transit Group is a general...
Read more -
March 16, 2020
Three qualified in USD1.9bn LRT PPP tender in Canada
The City of Edmonton on March 12, has shortlisted three teams that compete in the tender for Edmonton Valley Line West Light Rail Transit (LRT) public-private partnership project.
Read more -
March 13, 2020
CDPQ acquires Plenary Americas from Plenary Group
Caisse de dépôt et placement du Québec (CDPQ) has closed the acquisition of the Plenary Americas from Plenary Group. With this investment, CDPQ acquires Plenary Am...
Read more -
March 13, 2020
Bonds issued for Highway 104 project in Nova Scotia
The project owner of Highway 104 project in Nova Scotia, Dexter Nova Alliance GP (a consortium of BBGI 104 GP, Inc.(50%), Municipal 104 GP Limited (30%), and Nova 104 GP Limited (20%)) has issued...
Read more -
March 11, 2020
RFQ for one of the priority transit projects in Canada
Infrastructure Ontario (IO) and Metrolinx have issued a Request for Qualifications (RFQs) for advance tunnelling work on the Eglinton Crosstown West Extension - the first phase of work for the railway...
Read more
