GCP Asset Backed Income Fund Ltd Scrip Share Reference Price (3241V)
02 November 2017 - 6:00PM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 3241V
GCP Asset Backed Income Fund Ltd
02 November 2017
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed") LEI:
213800FBBZCQMP73A815
Scrip Share Reference Price
2 November 2017
GCP Asset Backed, which invests in asset backed loans, today
announces the reference price of a new ordinary share under the
scrip dividend alternative for the period from 1 July 2017 to 30
September 2017 (the "Q3 Dividend") of 105.45 pence (the "Scrip
Reference Price").
On the basis of the Scrip Reference Price and the price per
share of the Q3 Dividend, a holder of 69 shares will receive 1 new
ordinary share.
The Scrip Reference Price was calculated by taking the average
of the Company's closing middle market quotations of an ordinary
share for the ex-dividend date of 26 October 2017 and the four
subsequent dealing days.
Further details of the scrip dividend alternative can be found
in the Scrip Dividend Circular 2017 which was published by the
Company on 28 July 2017, a copy of which is available for
inspection at www.morningstar.co.uk/uk/NSM and on the Company's
website at
https://www.graviscapital.com/funds/gcp-asset-backed.
The Q3 Dividend payment date and the date for admission and
dealing of the new ordinary shares to be issued pursuant to the
scrip dividend alternative is expected to be 24 November 2017.
For further information, please contact:
Gravis Capital Management Limited +44 (0) 20 3405 8500
David Conlon david.conlon@graviscapital.com
Philip Kent philip.kent@graviscapital.com
Dion Di Miceli dion.dimiceli@graviscapital.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
Victoria Hayns victoriah@buchanan.uk.com
Notes to Editors
The Company
GCP Asset Backed 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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