GCP Asset Backed Income Fund Ltd Social infrastructure investments of £13.5 million (7657S)
23 December 2016 - 11:48PM
UK Regulatory
TIDMGABI
RNS Number : 7657S
GCP Asset Backed Income Fund Ltd
23 December 2016
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN
PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO
AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OF
AMERICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A
VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH
JURISDICTION.
23 December 2016
GCP Asset Backed Income Fund Limited (the "Company")
Social infrastructure investments
23 December 2016
Social infrastructure investments of GBP13.5 million
The Company, which invests in asset backed loans, is pleased to
announce three new investments. Firstly, an investment of a GBP10.8
million loan secured on a senior basis against two supported living
developments and a high complex care facility. The loan note will
be issued in tranches and the term of the loan will be no less than
21 years.
The loan is subject to upward-only principal indexation in line
with various inflation measures and secured against both the units
and the leases thereon. The leases are with housing associations in
England regulated by the Homes and Community Agency and are fully
repairing and insuring.
Secondly, the Company has made an investment of GBP2.7m in a 4
year loan secured on a senior basis against a multi-use social
infrastructure development in London, which will be drawn
immediately.
For further information, please contact:
Gravis Capital Partners LLP +44 (0)20 7518 1490
David Conlon david.conlon@gcpuk.com
Philip Kent philip.kent@gcpuk.com
Dion Di Miceli dion.dimiceli@gcpuk.com
Cenkos Securities plc +44 (0)20 7397 8900
Tom Scrivens tscrivens@cenkos.com
Oliver Packard opackard@cenkos.com
Sapna Shah sshah@cenkos.com
Buchanan +44 (0)20 7466 5000
Charles Ryland charlesr@buchanan.uk.com
Vicky Watkins victoriaw@buchanan.uk.com
Notes to Editors
The Company
The Company is a closed ended investment company traded on the
Main Market of the London Stock Exchange. Its investment objective
is to generate attractive risk-adjusted returns primarily through
regular, growing distributions and modest capital appreciation over
the long term.
The Company seeks to meet its investment objective by making
investments in a diversified portfolio of predominantly UK based
asset backed loans which have contracted, predictable medium to
long term cash flows and/or physical assets.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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