GCP Asset Backed Income Fund Ltd New investment (0521H)
02 June 2017 - 11:54PM
UK Regulatory
TIDMGABI
RNS Number : 0521H
GCP Asset Backed Income Fund Ltd
02 June 2017
GCP Asset Backed Income Fund Limited ("GCP Asset Backed" or the
"Company")
LEI 213800FBBZCQMP73A815
New Investment
2 June 2017
On 10 March 2017 GCP Asset Backed, which invests in asset backed
loans, announced a loan of GBP15 million secured on a subordinated
basis against a portfolio of eight co-living properties and
pursuant to which the Company has advanced GBP14.6 million to
date.
The Company today announces an increase to this commitment from
GBP15 million to GBP19.5 million, which will be funded from the net
proceeds of the Company's recent issue of C shares.
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 Hayns victoriah@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
MSCLLFEVRFIFIID
(END) Dow Jones Newswires
June 02, 2017 09:54 ET (13:54 GMT)
Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Apr 2023 to Apr 2024