Pantheon Infrastructure – Reliable income streams with inflation protection

Since its launch in November 2021, Pantheon Infrastructure (PINT) has assembled a diverse portfolio of 11 investments in infrastructure projects in developed markets. The majority of these have explicit inflation-linkage or implicit protection through regulation or market position. In addition, the company is substantially hedged against foreign exchange movements. Whilst it is still early days for the trust, the NAV has made positive progress.

PINT’s ambition is to generate NAV total returns of between 8% and 10% per annum over the long term. This is intended to come in the form of both capital and income growth. For this financial year, the trust is targeting a dividend of 4p per share.

PINT still has about £72m of funds available for new investments (see page 15). The manager says that 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.