On 14 April 2023, Keppel Infrastructure Trust (“KIT”) announced their 2023 first quarter business update and also conveniently announced an upcoming preferential offering. For those interested, the record date is 26 April 2023 which is 2 business days from the date of this article. The private placements were well received, as the share price of KIT did not drop to the private placement price. For this first quarter 2023, distributable income have increased significantly. This is a positive for the trust considering that there is a small dilution in this quarter and there is a need for improved distributable income if KIT wants to maintain the payout per share. Currently, KIT seems on track to main the dividend payout and their income is sustainable to do so. Nonetheless for a trust, there are still some things investors should take note of as detailed below. This includes their gearing ratio and interest coverage....