TIDMGABI TIDMGABC

RNS Number : 7426J

GCP Asset Backed Income Fund Ltd

29 April 2022

GCP Asset Backed Income Fund Limited

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

LEI: 213800FBBZCQMP73A815

Dividend Declaration

29 April 2022

The Board of GCP Asset Backed, which invests in asset backed loans, is pleased to announce a quarterly dividend in respect of the period from 1 January 2022 to 31 March 2022 of 1.58125 pence per ordinary share (the "Q1 Dividend").

The ordinary shares will go ex-dividend on 12 May 2022 and will be paid on 14 June 2022 to holders of ordinary shares recorded on the register as at close of business on 13 May 2022.

Scrip Dividend Suspension

The Board, in its discretion, has determined that the offer of a scrip dividend will remain suspended for the Q1 Dividend. The suspension is as a result of the discount between the likely scrip dividend reference price of the shares and the current net asset value per share of the Company. The Board will keep the payment of future scrip dividends under review.

For further information, please contact:

 
Gravis Capital Management Ltd    +44 (0)20 3405 8500 
David Conlon 
Joanne Fisk 
Investec Bank plc                +44 (0)20 7597 4000 
Helen Goldsmith 
Denis Flanagan 
Neil Brierley 
Buchanan/Quill                   +44 (0)20 7466 5000 
Helen Tarbet 
Sarah Gibbons-Cook 
Henry Wilson 
 

Notes to Editors

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 Group seeks to meet its investment objective by making investments in a diversified portfolio of predominantly UK based asset back loans which have contracted, predictable medium to long term cash flows and/or physical assets.

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April 29, 2022 02:02 ET (06:02 GMT)

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