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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.60 | 0.88% | 68.60 | 68.60 | 69.00 | 68.80 | 68.00 | 68.80 | 343,878 | 16:23:03 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | 15.18M | 7.69M | 0.0181 | 37.90 | 291.98M |
From Apr 2019 to Apr 2024
TIDMGABI
RNS Number : 7657S
GCP Asset Backed Income Fund Ltd
23 December 2016
NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.
23 December 2016
GCP Asset Backed Income Fund Limited (the "Company")
Social infrastructure investments
23 December 2016
Social infrastructure investments of GBP13.5 million
The Company, which invests in asset backed loans, is pleased to announce three new investments. Firstly, an investment of a GBP10.8 million loan secured on a senior basis against two supported living developments and a high complex care facility. The loan note will be issued in tranches and the term of the loan will be no less than 21 years.
The loan is subject to upward-only principal indexation in line with various inflation measures and secured against both the units and the leases thereon. The leases are with housing associations in England regulated by the Homes and Community Agency and are fully repairing and insuring.
Secondly, the Company has made an investment of GBP2.7m in a 4 year loan secured on a senior basis against a multi-use social infrastructure development in London, which will be drawn immediately.
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 Watkins victoriaw@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
MSCTJBTTMBITBRF
(END) Dow Jones Newswires
December 23, 2016 07:48 ET (12:48 GMT)
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