(Alliance News) - Pantheon Infrastructure PLC on Thursday reported a rise in net asset value as it expressed confidence in its 2023 outlook.

The investment fund focusing on infrastructure interests said net asset value as at December 31 was 98.9 pence per share, up 0.9% from 98.0p a year prior. Pantheon Infrastructure declared a second interim dividend of 1 pence, taking the total 2022 dividend to 2p. It targets a doubling of its full dividend to 4p per share for 2023.

Pantheon Infrastructure is targeting a NAV total return of 8% to 10% per year following full investment of its initial public offering proceeds.

The company started trading on the London Main Market in November 2021.

Looking ahead, Pantheon Infrastructure said: "The investment manager remains confident in the volume of attractive opportunities for the company going forward. The tailwinds that support the demand for new infrastructure and the growth opportunities that accompany it remain strong across all the sub-sectors the company is active in, which provides protection against any potential market softening. Overall, the investment manager does not expect to see significant movements in the company's valuations arising due to current market considerations."

Pantheon Infrastructure shares were down 0.5% to 90.53 pence each on Thursday afternoon in London.

By Tom Budszus, Alliance News reporter

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