17th Apr 2026 09:51
GCP Infrastructure Investments Ltd - advised by Gravis Capital Management Ltd, the closed-ended investment company aiming to pay dividends and preserve capital from exposure to UK infrastructure debt and similar assets - Reports a net asset value of 100.26 pence per share at March 31, stable with 100.27p at December 31. First-quarter power price forecasts (net of hedging) added 0.57p, while updated OBR inflation forecasts detracted 0.23p from the NAV. Actual generation net of discount rate unwind and project specific updates detracted 0.61p, while share buybacks added 0.26p. Notes that it had GBP27 million outstanding under its revolving credit facility at March 31, up from GBP24 million at the end of last year. Adds that its portfolio "continues to perform materially in line" with its expectations.
"It is the view of the investment adviser that the long-term and structural demand for infrastructure, and particularly infrastructure debt, offers investors an attractive exposure to an asset class whose performance is not correlated to wider markets and benefits from long-term and partially inflation protected income," says the company.
Current stock price: 75.58 pence per share, up 1.2% on Friday morning in London
12-month change: up 5.0%
By Christopher Ward, Alliance News reporter
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