Episode Details

Philip Kent, CEO at Gravis and lead manager to GCP Infrastructure Investments PLC (LSE:GCP) joined Stephen Gunnion in the Proactive studio with more on the trust’s long-term performance, dividend track record and disciplined capital allocation strategy. Kent outlined how GCP Infrastructure invests in UK-based infrastructure projects backed by public sector-supported revenues, with a focus on debt rather than equity. This approach is designed to provide investors with stable, sustainable income alongside capital preservation. He explained that the portfolio is underpinned by long-term contractual cash flows and amortising debt structures that naturally return capital over time. Celebrating its 15th year since IPO, the trust has delivered a total NAV return of around 183% while maintaining a consistent dividend. The current dividend target stands at £0.07 per share, equating to roughly a 9% yield based on a share price of approximately £0.78. Kent said, “We’ve paid a stable, sustainable dividend for the last 15 years,” highlighting the trust’s income focus. The portfolio is diversified across renewables (around 57%), PFI/PPP assets (approximately 25%), and supported social housing. Kent also discussed the trust’s risk framework, covering market, credit, operational and legal/regulatory risks, as well as the importance of disciplined capital allocation given sector-wide discounts to NAV. Watch the full interview to understand how GCP Infrastructure balances income generation with capital preservation, and what investors should monitor in the year ahead. For more interviews like this, visit Proactive’s YouTube channel, give this video a like, subscribe to the channel and enable notifications so you never miss future content. #GCPInfrastructure #InfrastructureInvesting #DividendInvesting #IncomeInvesting #InvestmentTrust #UKInfrastructure #RenewableEnergyInvesting #NAVReturn #CapitalAllocation #PublicSectorBacked