GCP Asset Backed Income Fund Ltd Dividend Declaration & Scrip Dividend Alternative (4496G)
July 24 2019 - 1:01AM
UK Regulatory
TIDMGABI TIDMGABC
RNS Number : 4496G
GCP Asset Backed Income Fund Ltd
24 July 2019
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI: 213800FBBZCQMP73A815
Dividend Declaration and Scrip Dividend Alternative
24 July 2019
The Board of GCP Asset Backed, which invests in asset backed
loans, is pleased to announce a quarterly dividend in respect of
the period from 1 April 2019 to 30 June 2019 of 1.55 pence per
ordinary share (the "Q2 Dividend").
The ordinary shares will go ex-dividend on 1 August 2019 and
will be paid on 2 September 2019 to holders of ordinary shares
recorded on the register as at close of business on 2 August
2019.
Further to the authority granted by shareholders at the Annual
General Meeting of the Company held on 23 May 2019, holders of
ordinary shares will be given the opportunity to elect to receive
new ordinary shares in the Company ("Scrip Shares") in place of
their cash entitlement pursuant to the Q2 Dividend (the "Scrip
Dividend Alternative").
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/NSM and on the Company's
website at www.graviscapital.com/funds/gcp-asset-backed/literature.
The Scrip Dividend Circular 2019 is also available from the
Company's registered office at 12 Castle Street, St Helier, Jersey
JE2 3RT, Channel Islands.
The reference price of the Scrip Shares in respect of the Q2
Dividend will be calculated and published on or around 8 August
2019.
Shareholders will receive the Q2 Dividend in cash, unless they
have completed either a standing election (a "Scrip Dividend
Mandate") (for holders of ordinary shares in certificated form
only, with such Scrip Dividend Mandate to be returned to the
Company's registrar, Link Asset Services, by no later than 5pm on
16 August 2019) or a Dividend Election Input Message (for holders
of ordinary shares in CREST only, with such Election to be made in
CREST by no later than 5pm on 16 August 2019) to receive Scrip
Shares.
Holders of ordinary shares in certificated form who complete a
Scrip Dividend Mandate will continue to receive Scrip Shares in
lieu of their entire cash dividend entitlement for future dividends
unless they revoke their Scrip Dividend Mandate, details of which
are set out in the Scrip Dividend Circular 2019.
Expected timetable for the Q2 Dividend and Scrip Dividend
Alternative
2019
Ex-dividend date 1 August
Record date 2 August
Reference price for Scrip Shares for Q2 Dividend announced 8 August
Latest date for receipt of Scrip Dividend Mandates and CREST
elections 5pm 16 August
Q2 Dividend payment date
2 September
Dealings commence in Scrip Shares 2 September
For further information, please contact:
Gravis Capital Management Limited +44 (0) 20 3405 8500
David Conlon
Dion Di Miceli
Cenkos Securities plc +44 (0) 20 7397 8900
Tom Scrivens
Oliver Packard
Sapna Shah
Buchanan/Quill
+44 (0)20 7466 5000
Helen Tarbet
Nick Croysdill
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
assed backed 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 rns@lseg.com or visit www.rns.com.
END
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