Source - LSE Regulatory
RNS Number : 9544W
GCP Asset Backed Income Fund Ltd
29 April 2021

GCP Asset Backed Income Fund Limited

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

LEI: 213800FBBZCQMP73A815

Dividend Declaration

29 April 2021

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 January 2021 to 31 March 2021 of 1.575 pence per ordinary share (the "Q1 Dividend").

The ordinary shares will go ex-dividend on 13 May 2021 and will be paid on 14 June 2021 to holders of ordinary shares recorded on the register as at close of business on 14 May 2021.

Scrip Dividend Suspension

The Board, in its discretion, has determined that the offer of a scrip dividend will remain suspended for the Q1 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  

+44 (0)20 3405 8500

David Conlon

Joanne Fisk

Investec Bank plc

+44 (0)20 7597 4000

Helen Goldsmith

Denis Flanagan

Neil Brierley


+44 (0)20 7466 5000

Helen Tarbet

Sarah Gibbons-Cook

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 Group 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.

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