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John Hancock Infrastructure Fund – Acquisition of stake in renewables portfolio in the US

John Hancock Infrastructure Fund took a minority stake in Duke Energy’s commercial renewable energy portfolio. The total enterprise value of this portion of the portfolio is USD 1.25bn (including proportional existing project-level debt). The sale will result in pre-tax proceeds to Duke Energy of USD 415m, sold in the deal is 49% of 37 operating wind, solar and battery storage assets and 33% of 11 operating solar assets across the US