Gcp Asset Backed Income Dividends - GABI

Gcp Asset Backed Income Dividends - GABI

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Stock Name Stock Symbol Market Stock Type
Gcp Asset Backed Income Fund Limited GABI London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
0.00 0.0% 97.80 01:00:00
Open Price Low Price High Price Close Price Previous Close
97.80
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Gcp Asset Backed Income GABI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount
29/04/2022InterimGBX1.5801/12/202131/03/202212/05/202213/05/202214/06/20220
27/01/2022InterimGBX1.5731/12/202031/12/202103/02/202204/02/202204/03/20226.3
03/11/2021InterimGBX1.5730/05/202130/09/202111/11/202112/11/202110/12/20210
22/07/2021InterimGBX1.5730/12/202030/06/202129/07/202130/07/202127/08/20210
29/04/2021InterimGBX1.5801/12/202031/03/202113/05/202114/05/202114/06/20210
26/01/2021InterimGBX1.5731/12/201931/12/202004/02/202105/02/202105/03/20216.47
26/11/2020SpecialGBX0.2530/05/202030/09/202003/12/202004/12/202029/12/20200
19/10/2020InterimGBX1.5530/09/201930/09/202029/10/202030/10/202027/11/20200
23/07/2020InterimGBX1.5530/12/201930/06/202030/07/202031/07/202028/08/20200
29/04/2020InterimGBX1.5501/12/201931/03/202007/05/202011/05/202009/06/20200
22/01/2020InterimGBX1.5531/12/201831/12/201930/01/202031/01/202028/02/20206.2
23/10/2019InterimGBX1.5530/05/201930/09/201931/10/201901/11/201929/11/20190
24/07/2019InterimGBX1.5530/12/201830/06/201901/08/201902/08/201902/09/20190
24/04/2019InterimGBX1.5501/12/201831/03/201902/05/201903/05/201904/06/20190
23/01/2019InterimGBX1.5331/12/201731/12/201831/01/201901/02/201901/03/20196.35
23/10/2018InterimGBX1.5230/05/201830/09/201801/11/201802/11/201830/11/20180
26/07/2018InterimGBX1.5330/12/201730/06/201802/08/201803/08/201803/09/20180
26/07/2018SpecialGBX0.2530/12/201730/06/201802/08/201803/08/201803/09/20180
26/04/2018InterimGBX1.5201/12/201731/03/201803/05/201804/05/201805/06/20180
17/01/2018InterimGBX1.5231/12/201631/12/201725/01/201826/01/201823/02/20186.02
19/10/2017InterimGBX1.530/05/201730/09/201726/10/201727/10/201724/11/20170
27/07/2017InterimGBX1.530/12/201630/06/201703/08/201704/08/201704/09/20170
25/04/2017InterimGBX1.501/12/201631/03/201704/05/201705/05/201731/05/20170
18/01/2017InterimGBX1.531/12/201531/12/201626/01/201727/01/201721/02/20176
19/10/2016InterimGBX1.530/05/201630/09/201627/10/201628/10/201622/11/20160
20/07/2016InterimGBX1.530/12/201530/06/201628/07/201629/07/201622/08/20160
20/04/2016InterimGBX1.501/12/201531/03/201628/04/201629/04/201625/05/20160

Top Dividend Posts

DateSubject
29/4/2022
16:13
speedsgh: Dividend Declaration - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/dividend-declaration/202204290700067426J/ 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...
24/3/2022
07:43
speedsgh: Dividend target 6.325p (1.58125p per qtr) for FY22: The Company paid 6.30 pence in interim dividends, meeting the target set by the Company for 2021 and fulfilling the Company's stated aim to grow its annual dividend year-on-year, compared to 6.2252 pence paid in interim dividends for 2020. In respect of the forthcoming financial year, the Company is targeting an annual dividend of 6.325 pence per ordinary share.
24/3/2022
07:38
speedsgh: Annual Report & Financial Statements - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/annual-report---financial-statements/202203240700078302F/ Highlights for the year - Dividends of 6.30 pence per share declared in respect of the year, including a dividend of 1.575 pence per share for the quarter to 31 December 2021, which was paid post year end. - Total shareholder return3 of 13.2%, total NAV return3 of 3.4% (31 December 2020: -9.8% and 6.5%) and an annualised total shareholder return3 since IPO of 5.3%. - Profit for the year of £15.0 million (31 December 2020: £27.4 million). The decrease year-on-year reflects the impact of the decrease in fair value of the Group's Co‑living loan. - Renewal of existing £50 million revolving credit arrangements with RBSI to extend maturity from August 2021 to August 2023. - NAV per ordinary share of 99.29 pence at 31 December 2021, a decrease from 102.18 pence in the prior year, predominantly due to a 4.5 pence per share write-down of the Group's Co‑living loan, partially offset by valuation gains elsewhere in the portfolio and excess income. Refer to the Investment Manager's report below for further detail. - Exposure to a diversified, partially inflation and/or interest rate-protected portfolio of 60 asset backed loans with a third party valuation of £443.64 million at 31 December 2021. - Loans of £135.5 million (new and follow‑on) advanced by the Group during the year, secured against 35 projects with a further £16.6 million secured against five projects, advanced post year end. - Repayments of £118.1 million during the year generating repayment fees of £2.5 million, with a further £31.7 million of repayments received post year end.
27/1/2022
08:37
speedsgh: Dividend Declaration - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/dividend-declaration/202201270700137556Z/ 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 October 2021 to 31 December 2021 of 1.575 pence per ordinary share (the "Q4 Dividend"). The ordinary shares will go ex-dividend on 03 February 2022 and will be paid on 04 March 2022 to holders of ordinary shares recorded on the register as at close of business on 04 February 2022.
03/11/2021
12:52
speedsgh: Dividend Declaration - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/dividend-declaration/202111030700071202R/ 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 July 2021 to 30 September 2021 of 1.575 pence per ordinary share (the "Q3 Dividend"). The ordinary shares will go ex-dividend on 11 November 2021 and will be paid on 10 December 2021 to holders of ordinary shares recorded on the register as at close of business on 12 November 2021...
15/9/2021
17:03
speedsgh: GCP Asset Backed Income hurt by Co-living loan writedown - HTTPS://citywire.co.uk/investment-trust-insider/news/gcp-asset-backed-income-hurt-by-co-living-loan-writedown/a1554714 ... GABI was a small player in a syndicate of lenders to Co-living, leading Liberum analyst Conor Finn to say it illustrated ‘some of the risks in minority lending investments, particularly the lack of control in distressed situations.’ ‘The scale of the writedown is significant given the LTV [loan to value] of the position was less than 65% at March 2021,’ Finn said, meaning there was a healthy cushion of equity to protect the lender. Stifel analyst Iain Scouller cut his ‘positive’ rating to ‘neutral’ saying there was a risk the shares could drop to a discount to NAV. ‘We are disappointed to see this writedown especially given what had been the improving backdrop and comments from the company regarding its high-risk loans. While no portfolio is immune to problems, the size of the writedown – around 54% as the loan was 6.8% of the portfolio 30 June – is significant and means that something has clearly changed quite materially in the third quarter,’ Scouller said. Shares in GABI have dropped from 104.5p to 101p since the announcement on Monday, but remain on a small premium to the reduced NAV following Conlon’s insistence that no ‘read-across should be made as a result of the writedown in the value of the Co-living Group loan to the rest of the company’s portfolio which continues to perform as expected.’ Speaking at an Association of Investment Companies event yesterday, Gravis associate director Joanne Fisk, who works with Conlon on GAVI, said the fund remained committed to funding sustainable borrowers. ‘Core to the sustainable theme is looking for assets that meet a structural demand in society or serve a purpose as we think that underpins the value of the investment we are making,’ she said. While the Co-living loan has been painful, GABI remains keen on housing, lending £5m earlier this year to Apex Airspace, whose modular pods on top of flat-roof buildings are designed to solving the property shortage. Fisk said Apex had ‘a borrower track record’ and is working on an affordable homes project with the Greater London Authority and local councils. ‘It is improving and building on existing housing stock providing affordable homes in London,’ she said. Within social infrastructure, GABI is also a lender to four care homes. Fisk hoped to add to the exposure in ‘areas of undersupply when there is a need for elderly and vulnerable care’. ‘These assets have seen really strong growth in valuations,’ she said. Fisk said the managers of the four homes ‘impressed through Covid-19 by taking steps early on, maintaining occupation, and gaining new contracts’, despite the sector being hit hard by the pandemic. ‘This is an area we are interested in. We are looking at other projects and are hoping to close soon.’
26/1/2021
13:35
speedsgh: Dividend increased to 6.30p annualised (excluding any possible special dividends)... Dividend Declaration & Scrip Dividend Suspension - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/dividend-declaration---scrip-dividend-suspension/202101260700048280M/ 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 October 2020 to 31 December 2020 of 1.575 pence per ordinary share (the "Q4 Dividend"). The ordinary shares will go ex-dividend on 4 February 2021 and will be paid on 5 March 2021 to holders of ordinary shares recorded on the register as at close of business on 5 February 2021. Scrip Dividend Suspension The Board, in its discretion, has determined that the offer of a scrip dividend will remain suspended for the Q4 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. Dividend raise As previously reported, the Board has continued to pursue its objective to increase the Company's dividend year on year. No target dividend was set this year as the Board was keen to evaluate how the portfolio performed throughout the year. As noted in our NAV announcement of 18th January, the Company had a strong year, collecting all expected payments of interest and the portfolio remains well positioned going into 2021. On this basis the Board has increased the final quarterly dividend payment for the year to 1.575pps, meaning quarterly dividends totalling 6.225pps were declared and paid in respect of the year 2020 (April 2020: 1.55p; July 2020 1.55p; October 2020 1.55p and January 2021 1.575p). With the special dividend of 0.25pps declared on 26 November 2020, the total dividends payable in respect of the year 2020 are 6.475pps. This compares with total dividends paid in respect of the year 2019 of 6.45pps.
26/11/2020
12:27
speedsgh: Haha. I may now be able to afford the pigs in blankets alongside the turkey this year... Special Dividend Declaration - https://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/special-dividend-declaration/202011260700075437G/ The Board of GCP Asset Backed, which invests in asset backed loans, is pleased to declare a special dividend of 0.25 pence per ordinary share (the "Special Dividend"). The Special Dividend will go ex-dividend on 3 December 2020 and will be paid on 29 December 2020 to holders of ordinary shares recorded on the register as at the close of business on 4 December 2020. The Special Dividend will be paid in cash, and is in addition to any future quarterly dividend which may be declared and paid in respect of the financial year ending 31 December 2020. The Company's policy is to declare and pay quarterly dividends. However the Board regularly assesses the merits of additional returns to shareholders, via special dividends, to be paid where portfolio returns exceed the amount expected to be paid by way of regular quarterly dividends. This special dividend brings the total dividends declared this financial year (in respect of the period from 1 October 2019 to 30 September 2020) to 6.45 pence per ordinary share (FY2019: declared dividends of 6.425p) and compares with unaudited earnings per ordinary share of 7.0 pence for the 12 month period ended 30 September 2020 and a weighted annualised yield on the Company's investment portfolio of 8.0%. The Board, as advised by Gravis Capital Management Limited, the Investment Manager, believes the Company's portfolio is currently well positioned to continue to meet its investment objective of delivering attractive risk-adjusted returns through regular, growing distributions.
23/7/2020
08:33
speedsgh: Dividend Declaration & Scrip Dividend Suspension - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/dividend-declaration---scrip-dividend-suspension/202007230700088041T/ 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 2020 to 30 June 2020 of 1.55 pence per ordinary share (the "Q2 Dividend"). The ordinary shares will go ex-dividend on 30 July 2020 and will be paid on 28 August 2020 to holders of ordinary shares recorded on the register as at close of business on 31 July 2020. 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 significant 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. Future Dividends The Board recognises the importance of dividends to shareholders. As noted in the net asset value announcement on 15 July 2020, the Company has had a strong first six months of the year despite the significant impact of the pandemic and the dividend remains fully covered.
29/4/2020
10:34
speedsgh: Dividend Declaration & Scrip Dividend Suspension - HTTPS://www.investegate.co.uk/gcp-asset-backed-inc--gabi-/rns/dividend-declaration---scrip-dividend-suspension/202004290700052044L/ 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 2020 to 31 March 2020 of 1.55 pence per ordinary share (the "Q1 Dividend"). The ordinary shares will go ex-dividend on 7 May 2020 and will be paid on 9 June 2020 to holders of ordinary shares recorded on the register as at close of business on 11 May 2020. Scrip Dividend Suspension The Board, in its discretion, has determined that the offer of a scrip dividend will be suspended for the Q1 Dividend. The suspension is as a result of the significant 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. Future Dividends The Board recognises the importance of the dividend to our shareholders. As noted in our net asset value announcement on 21 April 2020, the Company has not received any requests from borrowers to defer payments and the current dividend levels remain fully covered. The Company will keep the future level of dividend under review as the potential for prolonged economic disruption evolves and will update shareholders accordingly.
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