In QuotedData’s morning briefing 23 October 2023:
- GCP Infrastructure (GCP) announced an update to its NAV valuation. As of 30 September 2023, its NAV per share was 109.8p, a 0.23% decrease on its 30 June 2023 value. The largest impairment to GCP’s valuation came from a period of very low wind speeds and exceptionally dry weather in England and Scotland, which reduced cash distributions to the trust, while the largest positive contributor came from updates to actual inflation. Over the quarter GCP generated £50m in cash via refinancing of existing debt. This cash was used to pay down its revolving credit facility, which sat at £104m at the end of September.