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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% | 68.00 | 68.40 | 69.00 | 69.20 | 68.00 | 68.20 | 130,074 | 11:35:27 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 15.18M | 7.69M | 0.0181 | 37.57 | 289.43M |
TIDMGABI TIDMGABC
RNS Number : 7725C
GCP Asset Backed Income Fund Ltd
25 February 2022
GCP Asset Backed Income Fund Limited
(the "Company", "GCP Asset Backed" or "GABI")
LEI: 213800FBBZCQMP73A815
Co-living Group Loan Update
25 February 2022
GCP Asset Backed, which invests in asset backed loans, announces a further update in respect of its loan to the co-living group (the "Co-living Group").
We note the announcement from the Board of GCP Co-living REIT plc (the "REIT") to pause the active marketing of the REIT's initial public offering. The acquisition vehicle, which was set up to acquire certain of the Co-living Group assets, had entered into an exclusivity agreement to sell three of these assets to the REIT, conditional on the launch of the REIT, as announced on 3 February 2022.
The assets continue to perform well and remain highly marketable. There have been no other material developments in connection with the Co-living Group loan arrangements which would require an adjustment to the Company's previously announced NAV per share at the present time.
For further information, please contact:
Gravis Capital Management Ltd David Conlon Joanne Fisk +44 (0)20 3405 8500 Investec Bank plc Helen Goldsmith Denis Flanagan Neil Brierley +44 (0)20 7597 4000 Buchanan/Quill Helen Tarbet Sarah Gibbons-Cook Henry Wilson +44 (0)20 7466 5000
Notes to Editors
GCP Asset Backed (GABI) 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 backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.
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(END) Dow Jones Newswires
February 25, 2022 02:00 ET (07:00 GMT)
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