International Public Partnerships Limited (INPP.L) announced that the company's portfolio of 122 assets continues to perform well with revenues, cash receipts in line with management forecasts. Good progress was made on the approximately 9% of assets in the portfolio that are currently under construction, the company said.
International Public Partnerships expects its NAV to have increased slightly since 31 December 2012. The company said it expects the negative effects of the government bond yield movements on NAV would be outweighed by the positive effects of the FX movements.
The Board of the company confirmed that the target distribution from income received in the year 1 January 2013 to 31 December 2013 of 6.15 pence per share, which represents a 2.5% increase over the previous year. The Board continues to expect to increase distributions in future years.
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