GCP Asset Backed Income Fund Ltd Scrip Share Reference Price (5522D)
01 February 2018 - 6:00PM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 5522D
GCP Asset Backed Income Fund Ltd
01 February 2018
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI: 213800FBBZCQMP73A815
Scrip Share Reference Price
01 February 2018
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 October 2017 to 31
December 2017 (the "Q4 Dividend") of 102.55 pence (the "Scrip
Reference Price").
On the basis of the Scrip Reference Price and the price per
share of the Q4 Dividend, a holder of 67 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 25 January 2018 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/literature.
The Q4 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 23 February 2018.
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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