Publication of Managed Realisation Plan

GCP Asset Backed Income Fund Ltd

04 July 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

4 July 2024

GCP Asset Backed Income Fund Limited

("GABI" or the "Company")

LEI: 213800FBBZCQMP73A815

Publication of Managed Realisation Plan

The Company is pleased to announce that on the 3^rd July 2024, Gravis Capital Management Ltd ("Gravis"), as Investment Manager to the Company, published its plan for the managed realisation of the Company's assets (the "Realisation Plan").  The Realisation Plan has been prepared in response to the conclusion of the Company's Strategic Review and the results of the annual and extraordinary general meetings on the 20 May 2024.   

A copy of the Realisation Plan is available on the Company's website at: https://cdn.graviscapital.com/graviscapital/files/GABI-Realisation-Plan.pdf.  Any shareholder that would like to discuss the Realisation Plan should get in touch with Gravis ([e-mail]).

For further information:

GCP Asset Backed Income Fund Limited Alex Ohlsson, Chairman	[phone]
Gravis Capital Management Limited - Investment Manger Philip Kent Anthony Curl Cameron Gardener	[phone]
Barclays Bank PLC, acting through its Investment Bank - Corporate Broker Dion Di Miceli Stuart Muress James Atkinson	[phone] [e-mail]
Buchanan/Quill - Media Enquiries Helen Tarbet Henry Wilson George Beale	[phone]

Notes to the Editor

About GABI

GCP Asset Backed Income Fund Limited is a closed ended investment company. Its shares are traded on the Premium Segment of the Main Market of the London Stock Exchange. Its investment objective is to undertake a managed wind-down of the Company and realise all existing assets in the Company's portfolio in an orderly manner.

The Company's portfolio comprises a diversified portfolio of predominantly UK based asset backed loans which are secured against contracted, predictable medium to long term cash flows and/or physical assets.

 

END