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The latest announcement is out from Gryphon Capital Income Trust ( (AU:GCI) ).
Gryphon Capital Income Trust (GCI) announced a 1.28 cents per unit distribution for October, equating to an annualised yield of 7.76%. The trust, which focuses on providing sustainable monthly income through the Australian securitisation market, has seen strong support from unitholders, with approximately A$57 million in new units applied for under the Unit Purchase Plan. This demand has increased GCI’s market capitalisation to around A$1.2 billion. The announcement reflects a robust investor interest despite a selective market environment, indicating confidence in GCI’s strategic objectives of sustainable income, high risk-adjusted returns, and capital preservation.
More about Gryphon Capital Income Trust
Gryphon Capital Investments, a wholly owned subsidiary of Barings, is a key player in the Australian securitisation market, specialising in residential, commercial, and consumer asset-backed securities. As part of Barings’ global Asset-Based Finance team, Gryphon manages over USD 470 billion in assets and serves a wide array of clients globally. The company invests across the capital structure from AAA to below investment grade, showcasing its expertise in active portfolio management.
Average Trading Volume: 984,906
Technical Sentiment Signal: Buy
Learn more about GCI stock on TipRanks’ Stock Analysis page.