GCI - Gryphon Capital Income Trust

[System]

Gryphon Capital Investments Pty Ltd ("Manager") is an institutional fixed income manager with significant experience in the Australian and international fixed income market. The Manager manages segregated accounts on behalf of institutional investors seeking opportunities in fixed income credit markets
including RMBS and ABS. The Manager currently manages institutional mandates in excess of $1.7 billion.

The investment objective of the Gryphon Capital Income Trust will be to deliver a stable and predictable monthly income stream by investing in a diversified portfolio of fixed income bonds. The target return is RBA Cash Rate plus 3.50% per annum net of fees through the economic cycle. Based on the RBA Cash Rate as at the date of the PDS of 1.50%, the initial target return will be 5.00% per annum (net of fees). The Manager seeks to deliver the target return while preserving Unitholders' capital.

The Manager aims to deliver superior investment returns investing in Residential Mortgage Backed Securities (RMBS) and Asset Backed Securities (ABS).

It is anticipated that GCI will list on the ASX during May 2018.

http://www.gcapinvest.com/GCI/

 

[Dona Ferentes]

NTA per unit as at 6 November 2024 $2.0135

yield around 8 per cent


from Livewire Markets
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Gryphon Capital Income Trust Raises $167.8 million

On 8 October 2024, Gryphon Capital Income Trust (ASX: GCI) announced a Non-Renounceable Entitlement Offer and Shortfall Offer. The Entitlement Offer provided eligible unitholders the ability to invest in 1 new unit for every 4 units held at a price of $2.00 per unit. The Entitlement Offer included an oversubscription facility and any new units not subscribed for to be offered to new wholesale investors under the Shortfall Offer.

The Offer closed on 28 October 2024. The Offer was fully subscribed with the Trust raising $167.8 million issuing 83.89 million new units. This included 32 million to existing unitholders with the remainder issued to wholesale investors under the Shortfall Offer. The new units issued increases the number of units on issue to over 400 million units and increases the market cap of the Trust to ~$850 million.

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doing what it's supposed to do, I guess (make moolah for managers)