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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Gcp Asset Backed Income Fund Limited | LSE:GABI | London | Ordinary Share | JE00BYXX8B08 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.20 | 0.29% | 68.40 | 68.40 | 68.80 | 68.60 | 68.40 | 68.40 | 217,960 | 12:13:30 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 15.18M | 7.69M | 0.0181 | 37.79 | 291.13M |
TIDMGABI
RNS Number : 0521H
GCP Asset Backed Income Fund Ltd
02 June 2017
GCP Asset Backed Income Fund Limited ("GCP Asset Backed" or the "Company")
LEI 213800FBBZCQMP73A815
New Investment
2 June 2017
On 10 March 2017 GCP Asset Backed, which invests in asset backed loans, announced a loan of GBP15 million secured on a subordinated basis against a portfolio of eight co-living properties and pursuant to which the Company has advanced GBP14.6 million to date.
The Company today announces an increase to this commitment from GBP15 million to GBP19.5 million, which will be funded from the net proceeds of the Company's recent issue of C shares.
For further information, please contact:
Gravis Capital Partners LLP +44 (0)20 7518 1490 David Conlon david.conlon@gcpuk.com Philip Kent philip.kent@gcpuk.com Dion Di Miceli dion.dimiceli@gcpuk.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 Vicky Hayns victoriah@buchanan.uk.com
Notes to Editors
The Company
The Company 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
MSCLLFEVRFIFIID
(END) Dow Jones Newswires
June 02, 2017 09:54 ET (13:54 GMT)
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