28th Sep 2018 17:00
LONDON (Alliance News) - GCP Asset Backed Income Fund Ltd on Friday said it secured applications for 51.5 million of C shares, which will allow it to raise GBP51.5 million.
The investment company said it intends to use proceeds to take advantage of a pipeline of attractive asset backed finance investment opportunities identified by its investment manager Gravis Capital Management Ltd.
The estimated net asset value per C share at admission is 98.0 pence. Following the admission, the company said it will have 51.5 million C shares overall.
Shares in GCP Asset Backed Income Fund closed flat on Friday at 107.00p each.
Related Shares:
Gcp Asset Bckd