GCP Asset Backed Income Fund Ltd Scrip Share Reference Price - Replacement (7083Y)
May 10 2019 - 9:06AM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 7083Y
GCP Asset Backed Income Fund Ltd
10 May 2019
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI: 213800FBBZCQMP73A815
Scrip Share Reference Price
10 May 2019
GCP Asset Backed, which invests in asset backed loans, today
announces the reference price of a new ordinary share under the
scrip dividend alternative for the period 1 January 2019 to 31
March 2019 (the "Q1 Dividend") of 108.85 pence (the "Scrip
Reference Price").
On the basis of the Scrip Reference Price and the price per
share of the Q1 Dividend, a holder of 71 ordinary shares will
receive 1 new ordinary share.
The Scrip Reference Price was calculated by taking the average
of the Company's closing middle market quotations of an ordinary
share for the ex-dividend date of 2 May 2019 and the four
subsequent dealing days.
Further details of the scrip dividend alternative can be found
in the Scrip Dividend Circular 2019 which was published by the
Company on 24 April 2019, a copy of which is available for
inspection at www.morningstar.co.uk/uk/NSM and on the Company's
website at
www.graviscapital.com/funds/gcp-asset-backed/literature.
The Q1 Dividend payment date and the date for admission and
dealing of the new ordinary shares to be issued pursuant to the
scrip dividend alternative is expected to be 4 June 2019.
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
Tom Scrivens
Oliver Packard
Sapna Shah
Buchanan/Quill +44 (0)20 7466 5000
Helen Tarbet
Nick Croysdill
Henry Wilson
Notes to editors
GCP Asset Backed 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 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
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