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Infrastructure fund doubles dividend frequency

Infrastructure fund doubles dividend frequency

GCP Infrastructure Investments, a £288 million closed-ended infrastructure fund, has confirmed that it will move from paying dividends twice a year to quarterly distributions.

GCP’s first quarterly pay-out will come in February, and its current dividend offers a yield of 6.7% on the present share price.

The fund invests in a mixture of private finance initiative (PFI) assets and renewable energy projects.

Over the past year GCP has returned 12.2%, compared with an average of 11.3% from its peer group.

Earlier this year the £393 million Utilico investment trust also switched to quarterly dividends.

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Profile: The opportunity set that attracted Brett Williams to wealth management

Profile: The opportunity set that attracted Brett Williams to wealth management

Brett Williams is best known for helping to build some of the biggest platforms in the IFA market.He made the move over to wealth management to head SEI’s UK business earlier this year in the belief that this is where the best opportunities now lie.

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