International Public Partnerships (INPP) Announces 2.19p First Interim Dividend, Sets 8.79p Full-Year Target for 2026

INPP’s Diverse Global Infrastructure Portfolio Across Five Continents and Seven Asset Classes

International Public Partnerships Limited operates as a responsible, long-term investor in public infrastructure across developed markets including the UK, Europe, Australia, New Zealand, and North America. Its portfolio includes over 130 infrastructure projects and businesses, offering diversified exposure to essential services that address societal and environmental needs. This geographic and regulatory diversity provides resilience through economic cycles and varying jurisdictional conditions.

The portfolio spans seven infrastructure asset classes: utility and transmission networks, transport infrastructure, education facilities, health infrastructure, justice sector projects, and digital infrastructure businesses. This wide sector exposure positions INPP to benefit from structural trends in essential service provision across developed economies. The company’s investment approach emphasizes long-term value creation over short-term trading, aiming to deliver sustainable dividend yields and capital appreciation over extended periods.

Confirmation of 2025 Dividend Target Achievement and Medium-Term Distribution Outlook

INPP confirmed achieving its 2025 annual dividend target of 8.58 pence per share, demonstrating management’s capability to meet shareholder distribution commitments. This milestone evidences the portfolio’s strong cash generation and effective asset management. The announcement aligns with expectations, indicating the reliability of INPP’s dividend forecasting methodology.

For 2026, the company set an annual dividend target of 8.79 pence per share, rising to 9.01 pence per share in 2027. These targets reflect growth consistent with the company’s long-term objective of approximately 2.5% annual dividend growth. Management’s confidence in the underlying cash flow profile of the portfolio supports these projections. Dividend targets are set in collaboration with Amber Infrastructure Group, INPP’s Investment Adviser responsible for investment origination, asset management, and fund management.

First Interim Dividend of 2.19 Pence Payable on 15 September Following 13 August Ex-Dividend Date

INPP declared a first interim dividend of 2.19 pence per share for the year ending 31 December 2026. The ex-dividend date is 13 August 2026, with the record date on 14 August 2026, determining shareholder eligibility. Payment is scheduled for 15 September 2026, approximately four weeks after the record date.

This interim dividend forms part of the full-year 2026 target of 8.79 pence per share. Splitting dividends into interim and final payments is typical for UK-listed investment companies, providing shareholders with more frequent income distributions. Timing of dividend payments and ex-dividend dates are key considerations for investors seeking to optimize income from their holdings.

Amber Infrastructure Group’s Role as Investment Adviser within Boyd Watterson Global Asset Management

Amber Infrastructure Group serves as INPP’s Investment Adviser, overseeing investment origination, asset management, and fund management. Amber is part of Boyd Watterson Global Asset Management Group LLC, a diversified infrastructure, real estate, and fixed income firm managing over $39 billion in assets as of 31 December 2025. Boyd Watterson employs over 300 staff across eight US cities and maintains operations in eleven countries worldwide. This extensive global expertise supports INPP’s investment strategy and portfolio management.

The adviser relationship provides INPP with specialized infrastructure asset selection and management expertise across multiple jurisdictions and sectors. Amber’s integration within a global asset management group offers additional resources, market insights, and operational capabilities, enhancing INPP’s ability to acquire and manage high-quality infrastructure assets. This structure is common among UK-listed infrastructure investment companies, enabling access to institutional-grade management while preserving independent board governance.

Long-Term Dividend Growth Strategy of 2.5% Annually Balanced with Full Cash Coverage

INPP’s Board targets a long-term annual dividend growth rate of approximately 2.5%, balancing sustainable shareholder distribution growth with the necessity of maintaining full cash coverage. This conservative growth approach aligns with the defensive nature of infrastructure investments, favoring predictable cash flows over aggressive growth that could jeopardize dividend sustainability. The 2.5% growth target corresponds with inflation and real economic growth expectations across INPP’s developed market investments.

Full dividend cash coverage ensures distributions are supported by actual cash generated from infrastructure assets rather than capital drawdowns or debt. This principle is vital for investment trust governance and dividend sustainability. The company’s achievement of the 2025 target and reaffirmation of 2026 and 2027 targets at the 2.5% growth rate demonstrate management’s confidence in the portfolio’s cash flow generation and coverage discipline.

Dividend Target Disclaimer and Potential Impact on Future Distributions

INPP has issued a disclaimer noting that dividend targets are provided as guidance only and do not constitute profit forecasts. There is no guarantee these targets will be met or that distributions will be made. This reflects regulatory requirements and acknowledges business risks that may affect dividend delivery. Investors should recognize that actual outcomes may differ materially from targets.

The Board will continue to assess the suitability of scrip dividends for future payments, with any policy changes communicated via regulatory announcements. Scrip dividends allow shareholders to receive shares instead of cash, offering an alternative distribution method that preserves cash. The Board’s reserved stance indicates potential future policy evolution, and shareholders should monitor official updates. All dates mentioned are expected and subject to change.

INPP’s FTSE 250 Listing and Infrastructure Investment Company Status

INPP is a FTSE 250 listed infrastructure investment company, ranking among the UK’s largest listed investment vehicles by market capitalization. Its regulatory status entails governance and disclosure standards designed to protect shareholders and ensure transparency in investment performance and dividend policies. FTSE 250 listing provides liquidity and enforces rigorous corporate governance, audit, and financial reporting requirements.

The company’s primary objective is to deliver long-term shareholder yield through dividends and capital growth via infrastructure asset appreciation. This dual return approach reflects the stable cash flows from essential services infrastructure combined with secular growth trends in infrastructure demand. INPP’s focus on global public infrastructure projects that address societal and environmental needs aligns with growing investor interest in sustainable infrastructure investments.

Dividend Announcement Date and Shareholder Contact Information

The dividend declaration was announced on 23 July 2026 via the Regulatory News Service (RNS), ensuring simultaneous disclosure to shareholders and market participants. Erica Sibree at Amber Fund Management Limited (+44 (0) 7557 676 499) is the designated contact for shareholder inquiries related to the dividend announcement.

Additional information about INPP is available on the company website: www.internationalpublicpartnerships.com, which provides details on the portfolio, investment strategy, and regulatory disclosures. The combination of RNS announcements, dedicated contact points, and online resources supports transparency and informed shareholder decision-making.