We could not find any results for:
Make sure your spelling is correct or try broadening your search.
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 | |
---|---|---|---|---|---|---|---|---|---|---|
0.80 | 1.17% | 69.00 | 68.60 | 69.00 | 69.40 | 69.00 | 69.40 | 106,199 | 10:44:16 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Trust,ex Ed,religious,charty | 15.18M | 7.69M | 0.0181 | 38.34 | 295.38M |
TIDMGABI TIDMGABC
RNS Number : 8025N
GCP Asset Backed Income Fund Ltd
23 January 2019
GCP Asset Backed Income Fund Limited
(the "Company" and/or "GCP Asset Backed")
LEI 213800FBBZCQMP73A815
Possible Equity Raise
23 January 2019
The Board of GCP Asset Backed, which invests in asset backed loans, today announces that it is considering a possible equity raise during the first quarter of 2019. Any fund raise would be used to repay monies drawn down by the Company under its revolving credit facility as well as take advantage of a continued pipeline of attractive investment opportunities identified by Gravis Capital Management Limited.
Any decision on an equity raise is at the absolute discretion of the Directors and will be subject to prevailing market conditions and investor sentiment. Any new shares issued by the Company will be issued at a premium to NAV. Should the Company decide to proceed with an equity raise, a further announcement will be made in due course.
For further information, please contact:
Gravis Capital Management Limited +44 (0) 20 3405 8500
David Conlon
Dion Di Miceli
Cenkos Securities plc +44 (0) 20 7397 8900
Sapna Shah
Tom Scrivens
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.
Important Information
The content of this announcement has been prepared by, and is the sole responsibility of, GCP Asset Backed Income Fund Limited.
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014. Upon the publication of this announcement, this inside information is now considered to be in the public domain. The information contained in this announcement is given at the date of its publication (unless otherwise marked) and is subject to updating, revision and amendment from time to time. Neither the content of the Company's website nor any website accessible by hyperlinks to the Company's website is incorporated in, or forms part of, this announcement.
None of Gravis Capital Management Limited or Cenkos Securities plc, or any of their respective affiliates, accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to this announcement, including the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or for any loss howsoever arising from any use of the announcement or its contents. Gravis Capital Management Limited and Cenkos Securities plc, and their respective affiliates, accordingly disclaim all and any liability whether arising in tort, contract or otherwise which they might otherwise have in respect of this announcement or its contents or otherwise arising in connection therewith.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
MSCUUONRKNAAUAR
(END) Dow Jones Newswires
January 23, 2019 02:00 ET (07:00 GMT)
1 Year Gcp Asset Backed Income Chart |
1 Month Gcp Asset Backed Income Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions