Gryphon Capital Income Trust (AU:GCI) has released an update.
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Gryphon Capital Income Trust (GCI) provides investors with sustainable monthly income through the Australian Securitisation market, with a focus on Residential Mortgage-Backed Securities (RMBS) and Asset Backed Securities (ABS), aiming for a target return of RBA Cash Rate +3.50% p.a. With a market cap of $687.9m and a current yield of 8.94%, GCI is managed by Gryphon Capital Investments, a subsidiary of global asset manager Barings, and has recently announced a distribution of 1.42 cents per unit for the month.
For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.