Gryphon Capital Income Trust Raises $90.9m Through Wholesale Unit Placement

Gryphon Capital Income Trust ( (AU:GCI) ) has provided an update.

Gryphon Capital Income Trust has issued 45,450,075 new fully paid ordinary units at $2.00 per unit to wholesale investors under a placement, expanding its capital base and potentially enhancing its capacity to invest in income-producing credit assets. The responsible entity confirmed the units were issued without a product disclosure statement under the Corporations Act, while affirming the trust’s ongoing compliance with its reporting and disclosure obligations and stating there is no excluded information that would affect investors’ ability to trade these new units on-market.

This capital raising signals continued institutional support for the trust’s strategy and may improve liquidity in GCI units on the ASX, which can benefit existing and new unitholders. For stakeholders, the confirmation of full regulatory compliance and absence of undisclosed material information provides assurance around transparency and governance as the enlarged unit base is absorbed by the market.

The most recent analyst rating on (AU:GCI) stock is a Buy with a A$2.50 price target. To see the full list of analyst forecasts on Gryphon Capital Income Trust stock, see the AU:GCI Stock Forecast page.

More about Gryphon Capital Income Trust

Gryphon Capital Income Trust is an ASX-listed investment trust focused on income-generating credit and fixed income assets, managed by One Managed Investment Funds Limited as the responsible entity. The trust targets wholesale and listed investors seeking regular income from diversified credit markets within the Australian managed funds sector.

Average Trading Volume: 748,818

Technical Sentiment Signal: Buy

See more insights into GCI stock on TipRanks’ Stock Analysis page.