Gryphon Capital Seeks $167.78M Capital Boost

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

Gryphon Capital Income Trust has launched an effort to raise $167.78 million through a non-renounceable entitlement and shortfall offer, aiming to expand their investments in the RMBS/ABS market and reduce operating costs per unit. Investors with registered addresses in Australia or New Zealand can purchase 1 new unit for every 4 they own at $2.00 each. Portfolio Manager Steven Fleming cites a robust pipeline of investment opportunities and the Trust’s consistent performance as key factors for the capital raise.

For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.