13th Sep 2021 21:17
GCP Asset Backed Income Fund Ltd - UK asset backed loan investor - As at June 30, net asset value per share figure reduced to 99.02 pence per share from 102.71p, due to lower bids and deterioration in the status of the Co-living Group's loan, after Co-living Group appointed a bank to run a sales process.
Remainder of GCP Asset Backed's portfolio continues to perform as expected, and is not set to be affected by the write down in the value of the Co-living Group loan. In addition, target dividend for the current financial year is expected to be maintained.
Current stock price: 100.00 pence, down 4.3%
Year-to-date change: up 9.5%
By Dayo Laniyan; [email protected]
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