Gryphon Capital Income Trust (AU:GCI) has released an update.
Gryphon Capital Income Trust (GCI) has announced a monthly distribution yield of 8.71% for July 2024, aiming to provide investors with monthly income derived from the Australian Securitisation market, which includes Mortgage-Backed and Asset Backed Securities. With strategic goals focused on sustainable income, high risk-adjusted returns, and capital preservation, GCI has managed a market cap of $681.2 million and boasts a diverse portfolio with 112 bond holdings and over 76,000 underlying mortgage loans.
For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.
