GCP Infrastructure Investments Ltd Covid-19 update (8932G)
March 20 2020 - 3:00AM
UK Regulatory
TIDMGCP
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.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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