Source - LSE Regulatory
RNS Number : 8932G
GCP Infrastructure Investments Ltd
20 March 2020
 

GCP Infrastructure Investments Limited

("GCP Infra" or the "Company")

LEI: 213800W64MNATSIV5Z47

Covid-19 update

GCP Infra, the only UK listed fund focused primarily on investments in UK infrastructure debt, seeks to provide investors with exposure to a diversified portfolio of UK infrastructure projects, which are by their nature long-term investments.

 

The Directors and the Company's Investment Adviser, Gravis, believe such investments are well placed to weather the uncertainty driven by Covid-19 over the long term.  Substantially all of the Company's investments are availability-based infrastructure assets and therefore are not currently expected to be materially impacted by the reduced demand for goods and services that is occurring as a result of restrictions on the movement of people. 

 

Any potential impact is likely to be limited to: (i) short-term reductions in asset performance which may result from the reduced availability of personnel responsible for operating, managing or maintaining assets, or spare parts; and (ii) the impact of any short-term reductions to electricity prices.  The Investment Adviser does not currently consider these to be material risks to the Company's ability to continue to meet its key long-term objective of providing shareholders with regular, sustained, long-term dividends and the preservation of capital over the long term.

 

At the date of this announcement the Company's investments continue to perform in-line with the Investment Adviser's expectations.

 

A further announcement will be made in due course, if appropriate.

 

For further information please contact:

 

Gravis Capital Management Limited

Philip Kent

Dion Di Miceli

 

+44 (0)20 3405 8500

Stifel Nicolaus Europe Limited                                                                 

Mark Bloomfield

Nick Donovan

 

+44 (0)20 7710 7600

Buchanan/Quill                                                                                                             

Helen Tarbet

Sarah Gibbons-Cook

Henry Wilson

 

 

+44 (0)20 7466 5000

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.

 


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