Last checked at 
26 Oct 2022 07:00
GCP Infrastructure Investments Limited
("GCP Infra" or the "Company")
LEI: 213800W64MNATSIV5Z47
Dividend Declaration
26 October 2022
GCP Infra is pleased to announce a dividend of 1.75 pence per ordinary share, for the period from 1 July 2022 to 30 September 2022. The dividend will be paid on 6 December 2022 to holders of ordinary shares recorded on the register as at the close of business on 4 November 2022.
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 2022 ("Scrip Dividend Circular 2022"), which has been submitted to the National Storage Mechanism and is available for inspection at 12 Castle Street, St Helier, JE2 3RT and on the Company's website at www.gcpinfra.com. Words and expressions defined in the Scrip Dividend Circular 2022 shall have the same meaning in this announcement.
Expected timetable:
Shares quoted ex-dividend | 3 November 2022 |
Record date for dividend | 4 November 2022 |
Dividend payment date | 6 December 2022 |
For further information please contact:
Gravis Capital Management Limited Philip Kent Max Gilbert
| +44 (0)20 3405 8500 |
Stifel Nicolaus Europe Limited Mark Bloomfield
| +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.
GCP Infra has been awarded with the London Stock Exchange's Green Economy Mark in recognition of its contribution to positive environmental outcomes.