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GCP Asset Backed Income Fund : Dividend Declaration & Scrip Dividend Alternative

GCP Asset Backed Income Fund Limited

(the ‘Company‘ or ‘GCP Asset Backed‘)

LEI: 213800FBBZCQMP73A815

Dividend Declaration and Scrip Dividend Alternative

26 July 2018

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 2018 to 30 June 2018 of 1.525 pence per ordinary share (the ‘Q2 Dividend‘).

The ordinary shares will go ex-dividend on 2 August 2018 and will be paid on 3 September 2018 to holders of ordinary shares recorded on the register as at the close of business on 3 August 2018.

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‘).

Further details of the Scrip Dividend Alternative can be found in the Scrip Dividend Circular 2018 which was published by the Company on 26 April 2018, a copy of which is available for inspection at and on the Company‘s website at /literature. The Scrip Dividend Circular 2018 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 9 August 2018.

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 17 August 2018) 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 17 August 2018) 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 2018.

Expected timetable for Q2 Dividend and Scrip Dividend Alternative

2018

Latest date for receipt of Scrip Dividend Mandates and CREST elections 5pm on 17 August

For further information, please :

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+44 (0)20 7466 5000

Charles Ryland

Henry Wilson

Notes to Editors
The Company

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

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Disclaimer

GCP Asset Backed Income Fund Ltd. published this content on 26 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 July 2018 06:25:25 UTC