IN BRIEF: GCP Infrastructure Investments net asset value edges down

Alliance News

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 - Declares 1.75 pence per share dividend for the April to June quarter, its financial third quarter, in line with its annual target for 7.00p. GCP Infrastructure also buys back 6.3 million shares during the quarter as part of its plan to return GBP50 million to shareholders. Net asset value is 102.14p per share on June 30, down from 102.28p on March 31, as lower power price forecasts and other negative net movements are partly offset by a 0.22p benefit from the share buyback.

Current stock price: 79.13 pence for GBP668.0 million market capitalisation

12-month change: down 1.6%

By Tom Waite, Alliance News editor

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