Dividend Declaration

GCP Infrastructure Investments Ltd

28 July 2023

 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI: 213800W64MNATSIV5Z47

Dividend Declaration

28 July 2023

GCP Infra is pleased to announce a dividend of 1.75 pence per ordinary share, for the period from 1 April 2023 to 30 June 2023. The dividend will be paid on 13 September 2023 to holders of ordinary shares recorded on the register as at the close of business on 11 August 2023.

In light of the fact that the Company's ordinary shares currently trade at a discount to their prevailing published Net Asset Value ("NAV"), the Directors consider that it would not on this occasion be in the interests of shareholders as a whole to offer a scrip dividend alternative, under which Shareholders would have been able to elect to receive new ordinary shares in lieu of the cash dividend. The Board has therefore exercised its discretion to suspend the scrip dividend alternative in accordance with its conditions in respect of this dividend payment.

All shareholders who are entitled to receive the dividend will therefore receive the dividend in cash.

The Board will keep under consideration the offer of a scrip dividend alternative in respect of future quarterly dividends if the Company's ordinary shares trade at a premium to their prevailing published NAV at the relevant time. Full details of the scrip dividend alternative can be found in the Scrip Dividend Circular in respect of the financial year ended 30 September 2023 ("Scrip Dividend Circular 2023"), which has been submitted to the National Storage Mechanism and is available for inspection at IFC5, St Helier, JE1 1ST and on the Company's website at https://www.graviscapital.com/funds/gcp-infra/fund-info. Words and expressions defined in the Scrip Dividend Circular 2023 shall have the same meaning in this announcement.

Expected timetable:

Shares quoted ex-dividend	10 August 2023
Record date for dividend	11 August 2023
Dividend payment date	13 September 2023

For further information please contact:

Gravis Capital Management Limited Philip Kent Ed Simpson Max Gilbert	[phone]
Stifel Nicolaus Europe Limited Edward Gibson-Watt Jonathan Wilkes-Green	[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.

 

END