GCP Asset Backed Income Fund : Additional Listing

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GCP Asset Backed Income Fund Ltd - GABI Additional Listing Released 07:00 21-Feb-2020

RNS Number : 6586D

GCP Asset Backed Income Fund Ltd

21 February 2020

GCP Asset Backed Income Fund Limited

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

LEI: 213800FBBZCQMP73A815

Additional Listing

21 February 2020

GCP Asset Backed, which invests in asset backed loans, has made an application for 489,499 ordinary shares of no par value each in the Company to be admitted to the premium segment of the Official List of the Financial Conduct Authority and to trading on the London Stock Exchange. It is expected that these new ordinary shares will be admitted to trading on 28 February 2020.

The application is being made pursuant to the scrip dividend alternative in lieu of cash for the interim dividend for the period from 1 October 2019 to 31 December 2019. Elections for a scrip dividend were received in respect of 7.57% of the ordinary shares in issue as at the record date of 31 January 2020. When issued, these ordinary shares will rank pari passu with the existing ordinary shares.

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/NSMand the Company's website at www.graviscapital.com/funds/gcp-asset-backed/literature.

Following admission of the new ordinary shares, the Company's issued share capital will consist of 442,033,518 ordinary shares of no par value each and therefore, the total number of issued shares with voting rights will be 442,033,518.

The above figure of 442,033,518 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or of a change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

Gravis Capital Management Ltd		[phone]
David Conlon
Dion Di Miceli
Investec Bank plc		[phone]
Helen Goldsmith
Denis Flanagan
Neil Brierley
Buchanan/Quill		[phone]
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 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.

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 [e-mail] or visit www.rns.com.

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Additional Listing - RNS