Ullico Bulletin

Investors Receive Special Distribution from Ullico Infrastructure Fund

Earlier this year, Ullico Inc., through its infrastructure business, sold a portion of its interest in Autopistas Metropolitanas de Puerto Rico, LLC (Metropistas), the operator of PR-22 and PR-5 toll roads in Puerto Rico. As a result of the sale, Ullico was able to reduce the cost of debt going forward and make a special distribution to the Ullico Infrastructure Fund’s (UIF) investors.

"Completing this transaction with such positive results during a period of global crisis is a testament to the abilities and hard work of the UIF team. We also see it as a confirmation of the asset’s long-term value during a period of short-term COVID-related traffic declines," said Joseph R. Linehan, President of Ullico Investment Advisors.

UIF currently has investments in the water, waste water, electricity transmission, power generation, transportation and gas transmission sectors and is exploring opportunities in all core sectors. Metropistas is UIF’s first investment in the toll road sector and second in the transportation industry.

"Metropistas is a unique asset with a long history of performance and proven resilience to adverse weather and economic events," said Rohit Syal, head of acquisitions for Ullico's infrastructure business. "This is a core-plus infrastructure investment that provides strong value proposition to its customers and an opportunity to partner with a world class toll road operator."

The investment in Metropistas was Ullico’s first in Puerto Rico. "Ullico was proud to make its first investment in Puerto Rico in an asset that is critical for the community and the local economy. We hope to build upon this investment and be a long-term community partner for delivering much-needed infrastructure solutions." said Edward M. Smith, President and CEO of Ullico Inc.


Ullico Infrastructure Fund (UIF):
UIF is managed by Ullico Investment Advisors, Inc. ("UIA") and is sold through Ullico Investment Company, LLC. (Member FINRA/SIPC), both subsidiaries of Ullico Inc. UIA is a registered investment adviser with the SEC under the Investment Advisers Act of 1940, as amended. UIF will only be sold to "accredited investors" as that term is defined in Regulation D of the Securities Act of 1933. Investment in infrastructure is speculative, not suitable for all investors, and should be undertaken only by experienced and sophisticated investors who are willing to bear the high risks of such an investment, which include, but are not limited to, lack of liquidity, restrictions on transferring ownership to the Fund, absence of information regarding valuation and pricing, and high fees and expenses. Potential investors in the Fund should carefully read the Confidential Private Placement Memorandum for a description of the potential risks associated with investment in the Fund.



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