TIDMGABI

RNS Number : 7657S

GCP Asset Backed Income Fund Ltd

23 December 2016

NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, TO US PERSONS OR IN OR INTO AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR THE UNITED STATES OF AMERICA OR ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION.

23 December 2016

GCP Asset Backed Income Fund Limited (the "Company")

Social infrastructure investments

23 December 2016

Social infrastructure investments of GBP13.5 million

The Company, which invests in asset backed loans, is pleased to announce three new investments. Firstly, an investment of a GBP10.8 million loan secured on a senior basis against two supported living developments and a high complex care facility. The loan note will be issued in tranches and the term of the loan will be no less than 21 years.

The loan is subject to upward-only principal indexation in line with various inflation measures and secured against both the units and the leases thereon. The leases are with housing associations in England regulated by the Homes and Community Agency and are fully repairing and insuring.

Secondly, the Company has made an investment of GBP2.7m in a 4 year loan secured on a senior basis against a multi-use social infrastructure development in London, which will be drawn immediately.

For further information, please contact:

 
 Gravis Capital Partners LLP                                    +44 (0)20 7518 1490 
 David Conlon                   david.conlon@gcpuk.com 
 Philip Kent                    philip.kent@gcpuk.com 
 Dion Di Miceli                 dion.dimiceli@gcpuk.com 
 
 Cenkos Securities plc                                          +44 (0)20 7397 8900 
 Tom Scrivens                   tscrivens@cenkos.com 
 Oliver Packard                 opackard@cenkos.com 
 Sapna Shah                     sshah@cenkos.com 
 
 Buchanan                                                       +44 (0)20 7466 5000 
 Charles Ryland                 charlesr@buchanan.uk.com 
 Vicky Watkins                  victoriaw@buchanan.uk.com

Notes to Editors

The Company

The Company 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 backed loans which have contracted, predictable medium to long term cash flows and/or physical assets.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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December 23, 2016 07:48 ET (12:48 GMT)

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