Gryphon Capital Income Trust (ASX:GCI) - CEO, Steve Fleming
CEO, Steve Fleming
Source: Gryphon Capital Income Trust
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  • Gryphon Capital Income Trust’s (GCI) responsible entity One Manged Investment Funds is planning a capital raise
  • The company is issuing nearly 31 million shares to wholesale investors at $2.01 per share, raising around $62 million
  • Funds will be used to undertake additional investments consistant with its trust investment strategy
  • GCI has entered a trading halt and last traded at $2.04 per share

Gryphon Capital Income Trust’s (GCI) responsible entity One Manged Investment Funds is planning a capital raise.

The company is issuing nearly 31 million shares to wholesale investors at $2.01 per share, raising around $62 million.

Funds will be used to undertake additional investments consistant with its trust investment strategy.

The new units will be a maximum of 15 per cent of trust’s issued capital and therefore will not require GCI unitholder approval.

The responsible entity has entered into a placement agreement with Morgans Financial and National Australia Bank, which will together manage and arrange the placement as joint lead managers.

Gryphon is a specialist fixed income manager with experience in the Australian and International fixed income markets.

While the capital raise is currently being undertaken, GCI has entered a trading halt.

Company shares will be paused until Wednesday, August 11, or when the raise is complete.

GCI last traded at $2.04 per share.

GCI by the numbers
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