GCP Asset Backed Income Fund Ltd Dividend Declaration (3578T)
22 July 2022 - 04:00PM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 3578T
GCP Asset Backed Income Fund Ltd
22 July 2022
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI: 213800FBBZCQMP73A815
Dividend Declaration
22 July 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 April 2022 to 30 June 2022 of 1.58125 pence per
ordinary share (the "Q2 Dividend").
The ordinary shares will go ex-dividend on 04 August 2022 and
will be paid on 02 September 2022 to holders of ordinary shares
recorded on the register as at close of business on 05 August
2022.
Scrip Dividend Suspension
The Board, in its discretion, has determined that the offer of a
scrip dividend will remain suspended for the Q2 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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END
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