Hastings Infrastructure Fund has sold its 21 per cent unit holding in the Hastings Utilities Trust. The trust is a single purpose entity which owns an equity interest in ElectraNet.

HIF was formed in 2004 to provide retail investors with exposure to a portfolio of unlisted Australian and international infrastructure assets. Following a strategic review in early 2007, the board of Hastings in its capacity as the responsible entity for HIF resolved to wind-up HIF and realise its only asset being a 21.38 per cent interest in HUT.

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Posted by mopeng at February 22, 2010 2:23 PM