Dividend Declaration

GCP Asset Backed Income Fund Ltd

08 November 2023

 

GCP Asset Backed Income Fund Limited

(the "Company" or "GCP Asset Backed")

LEI: 213800FBBZCQMP73A815

Dividend Declaration

08 November 2023

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 2023 to 30 September 2023 of 1.58125 pence per ordinary share (the "Q3 Dividend").

The ordinary shares will go ex-dividend on 16 November 2023 and will be paid on 15 December 2023 to holders of ordinary shares recorded on the register as at close of business on 17 November 2023.

Scrip Dividend Suspension

The Board, in its discretion, has determined that the offer of a scrip dividend will remain suspended for the Q3 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.

For further information, please contact:                                          

Gravis Capital Management Ltd Philip Kent Cameron Gardner		[phone]
Barclays Bank PLC Dion Di Miceli Stuart Muress James Atkinson		[phone]
Buchanan/Quill Helen Tarbet Sarah Gibbons-Cook Henry Wilson		[phone]

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 back loans which have contracted, predictable medium to long term cash flows and/or physical assets.

 

END