TIDMGABI TIDMTTM

RNS Number : 2593X

GCP Asset Backed Income Fund Ltd

09 August 2018

GCP Asset Backed Income Fund Limited

(the "Company" or "GCP Asset Backed")

LEI: 213800FBBZCQMP73A815

Scrip Share Reference Price

9 August 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 April 2018 to 30 June 2018 (the "Q2 Dividend") of 102.3 pence (the "Scrip Reference Price").

On the basis of the Scrip Reference Price and the price per share of the Q2 Dividend, a holder of 67 ordinary 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 2 August 2018 and the four subsequent dealing days.

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 https://www.graviscapital.com/funds/gcp-asset-backed/literature.

The Q2 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 3 September 2018.

For further information, please contact:

Gravis Capital Management Limited +44 (0) 20 3405 8500

   David Conlon                              david.conlon@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

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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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August 09, 2018 02:00 ET (06:00 GMT)

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