GCP Asset Backed Income Fund Ltd Dividend Declaration & Scrip Dividend Alternative (2022M)
July 27 2017 - 2:03AM
UK Regulatory
TIDMGABI
RNS Number : 2022M
GCP Asset Backed Income Fund Ltd
27 July 2017
GCP Asset Backed Income Fund Limited
(the "Company" or "GCP Asset Backed")
LEI number 213800FBBZCQMP73A815.
Headline: Dividend Declaration and Scrip Dividend
Alternative
27 July 2017
The Board of GCP Asset Backed, which invests in asset backed
loans, is pleased to announce its second quarterly dividend in
respect of the period from 1 April 2017 to 30 June 2017 of 1.5
pence per ordinary share (the "Q2 Dividend").
The ordinary shares will go ex-dividend on 3 August 2017 and
will be paid on 4 September 2017 to holders of ordinary shares
recorded on the register as at the close of business on 4 August
2017.
Further to the authority granted by shareholders at the Annual
General Meeting of the Company held on 23 May 2017, 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").
Full details of the Scrip Dividend Alternative will be found in
the Scrip Dividend Circular 2017, which is expected to be published
by the Company on 28 July 2017 and which will be submitted to the
National Storage Mechanism and be available for inspection at
www.morningstar.co.uk/uk/NSM and on the Company's website at
www.gcpuk.com.
Copies of the Scrip Dividend Circular 2017 will be posted to
shareholders and will also be 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 10 August
2017.
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, Capita Asset Services, by no later than 5pm on
18 August 2017) or a Dividend Election Input Message shares (for
holders of ordinary shares in CREST only, with such Election to be
made in CREST by no later than 5pm on 18 August 2017) 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
will be set out in the Scrip Dividend Circular 2017.
Expected timetable for Q2 Dividend and Scrip Dividend
Alternative
2017
Publication of Scrip Dividend Circular 2017 28 July
Ex-dividend date 3 August
Record date 4 August
Reference price of Scrip Shares for Q3 Dividend announced 10
August
Latest date for receipt of Scrip Dividend Mandates and CREST
elections 5pm on 18 August
Q2 Dividend payment date 4 September
Admission to listing of Scrip Shares 4 September
For further information, please contact:
Gravis Capital Management Limited +44 (0) 20 3405 8500
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
Victoria Hayns victoriah@buchanan.uk.com
Notes to Editors
The Company
GCP Asset Backed Income 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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