TIDMGABI

RNS Number : 0796V

GCP Asset Backed Income Fund Ltd

25 January 2017

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

Non-Mainstream Pooled Investments (NMPIs)

25 January 2017

The Board of GCP Asset Backed Income which invests in asset backed loans notes the rules of the FCA on the promotion of non-mainstream pooled investments, effective from 1 January 2014. The Board confirms that it conducts the Company's affairs, and intends to continue to conduct its affairs, so that the Company's shares will be "excluded securities" under the FCA's new rules. This is on the basis that the Company, which is resident outside the EEA, would qualify for approval as an investment trust by the Commissioners for HMRC under sections 1158 and 1159 of the Corporation Tax Act 2010 if resident and listed in the United Kingdom. Therefore, the Company's shares do not amount to non-mainstream pooled investments. Accordingly, promotion of the Company's shares is not subject to the FCA's restriction on promotion of non-mainstream pooled investments.

For further information, please contact:

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

Notes to Editors

The Company

GCP Asset Backed Income is a closed ended investment company traded on the London Stock Exchange's main market for listed securities. Its investment objective is to generate attractive risk-adjusted returns primarily through regular, growing distributions and modest capital appreciation over the long term.

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCSEDSUIFWSELF

(END) Dow Jones Newswires

January 25, 2017 04:44 ET (09:44 GMT)

Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Gcp Asset Backed Income Charts.
Gcp Asset Backed Income (LSE:GABI)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Gcp Asset Backed Income Charts.