11th Dec 2018 13:37
LONDON (Alliance News) - GCP Asset Backed Income Fund Ltd on Tuesday said it raised GBP13.0 million through a share placing for investment opportunities.
The investment firm said it placed 12.4 million shares at a price of 104.50 pence each. The stock was trading 0.5% higher on the day Tuesday at 105.77p a share.
The net proceeds of the placing will be used to take advantage of a pipeline of asset-backed finance investment opportunities identified by the investment manager, the company said.
Following the admission, GCP Asset Backed Income Fund will have 329.7 million shares issued overall.
Related Shares:
Gcp Asset Bckd