Gryphon Capital Income Trust (ASX:GCI) Entitlement Offer Announcement

Gryphon Capital Income Trust (ASX:GCI) has announced a pro rata non-renounceable entitlement offer of 1 New Unit for every 4 existing units in the Trust at an issue price of $2.00 per New Unit. The offer is targeted at holders with registered addresses in Australia or New Zealand as at 7.00pm on Friday, 11 October 2024.

Gryphon Portfolio Manager Steven Fleming's Commentary on the Offer

As a result of a significant pipeline of eligible investment opportunities and the consistent performance of the Trust since listing, the Responsible Entity is now seeking to raise up to $167.78 million in capital for the Trust. The Trust has completed a number of offers post-IPO and Gryphon has been delighted with the overwhelmingly positive response to the capital raises over time. We believe the Trust is and will continue to be an attractive investment for investors seeking stable income potential and investment diversification and we would like to thank all GCI investors for their continued support.

Summary of Gryphon Capital Income Trust (ASX:GCI) Announcement

Gryphon Capital Income Trust (ASX:GCI) has announced a non-renounceable entitlement offer and shortfall offer to raise up to $167.78 million in capital. The proceeds of the offer will be used to provide additional scale to expand the Trust's participation in the RMBS/ABS market, thereby diversifying the portfolio, and to reduce the operating costs of the Trust on a cost per unit basis. The Responsible Entity has emphasized the Trust's consistent performance and attractiveness as an investment for stable income potential and diversification. The Offer Booklet will be issued on or around 16 October 2024, and investors are encouraged to seek professional advice before making any investment decision.