Update: Investment trusts reveal impact of Carillion collapse

Trusts taking hit to NAV

The John Laing Infrastructure Fund (JLIF) has said it expects the liquidation of Carillion to cost the trust £3m in advisory and transaction costs as it appoints replacement facilities managers on nine projects.

Infrastructure trusts with exposure to Carillion scrambled to put contingency plans in place two weeks ago after the construction giant announced it had gone into liquidation. According to investment company analysts Stifel, John Laing Infrastructure and HICL are the trusts with the highest exposure to Carillion, with 10% and 14% of net asset value respectively. JLIF said it has contingency plans in place to deal with the firm's liquidation, focusing on short-term continuity and lining up alternative providers, but said it has no projects currently in construction where Carillion is t...