Gryphon Capital Income Trust (AU:GCI) has released an update.
Gryphon Capital Income Trust (GCI) has consistently surpassed its target return since listing, providing investors with sustainable monthly income through the Australian Securitisation market, primarily Residential Mortgage-Backed Securities (RMBS) and Asset Backed Securities (ABS). For the fiscal year ending June 2024, GCI reported an impressive 9.04% annualised distribution rate, and successfully raised A$184.8 million to increase its market capitalisation to A$681.2 million, enhancing its portfolio diversification and unit liquidity. Despite expectations of higher borrower arrears due to economic pressures, GCI’s robust investment strategy and asset sourcing capabilities aim to maintain steady returns for investors.
For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.
