Gcp Asset Bckd Share News (GABI)

(Alliance News) - GCP Asset Backed Income Fund Limited on Friday announced a 0.4% quarterly decrease in net asset value

The London-based investment company reported that its net asset value was 90.92 pence per share at June 30, down from 90.59 pence a year before. The firm attributed the decrease to loan-specific impairments and discount rate movements.

GABI shares were unchanged at 75.80p per share in London on Friday afternoon.

GABI noted that it "did not make any investments" during the second quarter, and has no new investment activity planned for the current quarter.

By Lydia Doye, Alliance News reporter

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