14th Feb 2014 09:49
LONDON (Alliance News) - GCP Infrastructure Investments Ltd Friday provided an update to its operations and investment portfolio.
The energy market focused investment company said its Master Fund advanced new loans totalling GBP47.2 million, secured against UK renewable energy projects during the period from the beginning of October 2013 through to Friday.
The company said that the valuation of the Master Fund's investment portfolio at January 31 was GBP355.1 million and all of the investments have performed in line with expectations.
During the period the company also declared a 3.80 pence dividend for the six months ended September 30 and a first quarterly dividend of 1.90 pence per share for the period ended December 31.
GCP added that its investment adviser is conducting due diligence on a pipeline of investment opportunities in a variety of energy and asset finance based transactions.
In the company's annual report for the year ended September 30, it reported net assets of GBP293.6 million, a GBP19.5 million profit for the year.
GCP also recently announced its intention to raise in excess of GBP75 million through a share capital raise and to put in place a placing programme to allow the issuance of up to a further 100 million shares.
GCP Infrastructure Investments shares were down 0.6% to 108.85 pence Friday.
By Tom McIvor; [email protected]; @TomMcIvor1
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