GCP Infra eyes partial sale of portfolio assets to return £50m to shareholders

In its annual results to 30 September published today (13 December), the trust said the policy will aim to rebalance sectors and reduce equity exposures. Chair Andrew Didham said the sale of part of the portfolio's assets will also be used to apply the funds towards a "material reduction" in the trust's revolving credit facility (RCF) and to facilitate the return of capital to shareholders, who are expected to receive at least £50m by the end of 2024. The chair added that the policy will not impact GCP's dividend target of 7p per share, which will remain as it is currently. Gravis ...