GCP Asset Backed Income Fund Ltd Dividend Declaration & Scrip Dividend Alternative (1755C)
18 January 2018 - 2:26AM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 1755C
GCP Asset Backed Income Fund Ltd
17 January 2018
GCP Asset Backed Income Fund Limited (the "Company" or "GCP
Asset Backed") LEI: 213800FBBZCQMP73A815
Dividend Declaration and Scrip Dividend Alternative
17 January 2018
The Board of GCP Asset Backed, which invests in asset backed
loans, is pleased to announce its fourth quarterly dividend in
respect of the period from 1 October 2017 to 31 December 2017 of
1.525 pence per ordinary share (the "Q4 Dividend").
The ordinary shares will go ex-dividend on 25 January 2018 and
will be paid on 23 February 2018 to holders of ordinary shares
recorded on the register as at the close of business on 26 January
2018.
Further to the authority granted by shareholders at the Annual
General Meeting of the Company held on 23 May 2017, holders of
ordinary shares will be given the opportunity to elect to receive
new ordinary shares in the Company ("Scrip Shares") in place of
their cash entitlement pursuant to the Q4 Dividend (the "Scrip
Dividend Alternative").
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 www.graviscapital.com/funds/gcp-asset-backed. The Scrip
Dividend Circular 2017 is also available from the Company's
registered office at 12 Castle Street, St Helier, Jersey, JE2 3RT,
Channel Islands.
The reference price of the Scrip Shares in respect of the Q4
Dividend will be calculated and published on or around 1 February
2018.
Shareholders will receive the Q4 Dividend in cash, unless they
have completed either a standing election (a "Scrip Dividend
Mandate") (for holders of ordinary shares in certificated form
only, with such Scrip Dividend Mandate to be returned to the
Company's registrar, Link Asset Services, by no later than 5pm on 9
February 2018) or a Dividend Election Input Message shares (for
holders of ordinary shares in CREST only, with such Election to be
made in CREST by no later than 5pm on 9 February 2018) to receive
Scrip Shares.
Holders of ordinary shares in certificated form who complete a
Scrip Dividend Mandate will continue to receive Scrip Shares in
lieu of their entire cash dividend entitlement for future dividends
unless they revoke their Scrip Dividend Mandate, details of which
are set out in the Scrip Dividend Circular 2017.
Expected timetable for Q4 Dividend and Scrip Dividend
Alternative:
2018
Ex-dividend date 25 January
Record date 26 January
Reference price of Scrip Shares for Q4 Dividend 1 February
announced
Latest date for receipt of Scrip Dividend Mandates 5pm on 9 February
and CREST elections
Q4 Dividend payment date 23 February
Dealings commence in Scrip Shares 23 February
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 +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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