Last checked at 
6 Oct 2010 15:04
GCP Infrastructure Investments Limited
(the "Company")
Headline: Company Update
Investment by the Company into GCP Infrastructure Fund Limited (the "Master Fund")
The Company today announces that, following its issue of equity as announced on 17 August 2010, a subscription in the sum of £1,040,000.00 (the "Subscription") was made on 30 September 2010 for 1,007,068.85 Ordinary Income Shares at £1.0327 per share in the Master Fund, in accordance with the terms of the Company's prospectus.
Net Asset Value of the Company's Ordinary Shares and Monthly Investor Report
As at close of business on 30 September 2010, the unaudited net asset value per Ordinary Share of the Company was £0.9892.
The unaudited net asset value per Ordinary Share of the Company is based on the latest unaudited net asset value per Income Share of the Master Fund of £1.0327* but taking into account the cash and other assets held by the Company, accrued liabilities and expenses and leverage (if any) of the Company.
The latest monthly fact sheet in relation to the Company will shortly be available at:
http://www.gcpuk.com/investor-relations/gcp-infrastructure-investments-limited/detail/monthly-fact-sheets-and-company-information/
* including current financial year revenue
Acquisition by the Master Fund
On 28 September 2010, the Master Fund acquired a £2.3 million loan note that provides a subordinated exposure to a portfolio of senior PFI loans originated by a major bank lender to the UK PFI sector. The initial yield on the loan notes is 9.84% pa annual equivalent, rising to 10.11% from the end of year five, plus the extent to which, on average over the expected 10 year term, Libor exceeds 2.85%.
Dividend Declared by the Master Fund
On 6 October 2010, the Master Fund declared a dividend for the six month period to 30 September 2010 of 2.75p per share, to be paid to holders of Master Fund Income Shares on 15 November 2010. Shortly after the Company receives this dividend payment, it will announce its dividend and the relevant record and payment dates.
6 October 2010
|
Contact details:
|
|
| Gravis Capital Partners LLP |
|
| Stephen Ellis | +44 (0)20 7518 1495 |
| Rollo Wright | +44 (0)20 7518 1493 |
|
|
|
| Oriel Securities |
|
| Emma Griffin | +44 (0)20 7710 7600 |
| Joe Winkley |
|
| Gareth Price |
|
| Neil Winward |
|
|
|
|
| MHP Communications |
|
| Gay Collins | +44 (0)20 7786 4882 |
End of Announcement