The Board of HICL Infrastructure PLC (LON:HICL), the listed infrastructure investment company managed by InfraRed Capital Partners Limited, has today issued this Interim Update Statement, which relates to the period from 1 April 2019 to 31 July 2019. “HICL’s performance since 1 April 2019 has been in line with expectations. The Company’s well-diversified portfolio of 118 investments continues to demonstrate its resilience and I am therefore pleased to reiterate the target dividend guidance of 8.25p per share for the current financial year and 8.45p per share for the following year. “The Company has focused on value enhancement through active asset management within its PPP portfolio. Performance of HICL’s demand-based assets has been good, with traffic on the toll roads once again ahead of expectations. “The Board notes the draft determination on Affinity Water’s business plan that was published in July. The regulator has accepted a number of Affinity’s performance commitments, and acknowledged the company has addressed many of the regulator’s concerns, which gives us some confidence. However, elements of the feedback represent significant challenges for the company and constru...