Net Asset Value(s)

RNS Number : 5414Y

GCP Infrastructure Investments Ltd

17 January 2022

 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI: 213800W64MNATSIV5Z47

Net Asset Value(s)

17 January 2022

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, announces that as at close of business on 31 December 2021, the unaudited net asset value per ordinary share of the Company was 107.18 pence (30 September 2021: 103.92 pence), an increase of 3.26 pence per ordinary share. The net asset value takes into account cash, other assets, accrued liabilities and expenses and leverage (if any) of the Company attributable to the ordinary share class.

The continued rise in market electricity prices has resulted in increased actual and forecast cash distributions to the Company from its renewables investment portfolio, contributing c. 2.2 pence per ordinary share to the increase (net of the impact of the Company's hedging arrangements). Higher outturn inflation and updated OBR inflation forecasts have similarly contributed c. 1.1 pence per ordinary share.

The Company also disposed of its offshore wind investment during the period for a cash consideration representing a 12% premium to holding value, which contributed a further c. 0.7 pence per ordinary share to the increase.

For further information please contact:

Gravis Capital Management Limited Philip Kent	[phone]
Stifel Nicolaus Europe Limited Mark Bloomfield Nick Donovan	[phone]
Buchanan/Quill Helen Tarbet Sarah Gibbons-Cook Henry Wilson	[phone]

Notes to the Editor

About GCP Infra

GCP Infra is a closed-ended investment company and FTSE-250 constituent whose shares are traded on the main market of the London Stock Exchange. Its objective is to provide shareholders with regular, sustained, long-term distributions and to preserve capital over the long term by generating exposure to UK infrastructure debt and related and/or similar assets.

The Company primarily targets investments in infrastructure projects with long term, public sector-backed, availability-based revenues. Where possible, investments are structured to benefit from partial inflation protection. GCP Infra is advised by Gravis Capital Management Limited.

GCP Infra has been awarded  with the London Stock Exchange's Green Economy Mark in recognition of its contribution to positive environmental outcomes.

 

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