GCP Asset Backed Income Fund Ltd Dividend Declaration & Scrip Dividend Alternative (1281M)
26 April 2018 - 4:01PM
UK Regulatory
TIDMGABI TIDMTTM
RNS Number : 1281M
GCP Asset Backed Income Fund Ltd
26 April 2018
GCP Asset Backed Income Fund Limited (the "Company" or "GCP
Asset Backed") LEI: 213800FBBZCQMP73A815
Dividend Declaration and Scrip Dividend Alternative
26 April 2018
The Board of GCP Asset Backed, which invests in asset backed
loans, is pleased to announce its first quarterly dividend in
respect of the period from 1 January 2018 to 31 March 2018 of 1.525
pence per ordinary share (the "Q1 Dividend").
The ordinary shares will go ex-dividend on 3 May 2018 and will
be paid on 5 June 2018 to holders of ordinary shares recorded on
the register as at the close of business on 4 May 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 Q1 Dividend (the "Scrip
Dividend Alternative").
Further details of the Scrip Dividend Alternative can be found
in the Scrip Dividend Circular 2018 which was published by the
Company on 26 April 2018, 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/literature.
The Scrip Dividend Circular 2018 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 Q1
Dividend will be calculated and published on or around 11 May
2018.
Shareholders will receive the Q1 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
21 May 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 21 May 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 2018.
Expected timetable for Q1 Dividend and Scrip Dividend
Alternative
2018
Ex-dividend date 3 May
Record date 4 May
Reference price of Scrip Shares for Q1 Dividend announced 11 May
Latest date for receipt of Scrip Dividend Mandates and CREST
elections 5pm on 21 May
Q1 Dividend payment date 5 June
Dealings commence in Scrip Shares 5 June
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
Henry Wilson henryw@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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