HICL and TRIG to merge, creating Britain's largest listed infrastructure fund with £5.3bn in assets

HICL Infrastructure and TRIG are merging to create the UK's largest listed infrastructure investment fund with over £5.3bn in assets. The combined company will target an annual dividend of 9p per share and a net asset value total return of over 10% per annum. The merger is expected to complete early next year and will create a fund comprised of lower-risk "core infrastructure" and assets associated with the energy transition.