In QuotedData’s morning briefing 6 November 2024:
- GCP Asset Backed Income Fund (GABI) announced a quarterly dividend in respect of the period from 1 July 2024 to 30 September 2024 of 1.58125 pence per ordinary share. The board also confirms that the second compulsory redemption will total £45.0m at a price of 89.33875 pence per share. The amount applied to the second compulsory redemption is after the deduction of costs and expenses which are expected to be c. £45,000. On the basis of a redemption ratio of 18.95%, approximately 50.4m of the company’s issued shares will be redeemed on the redemption date.
- Literacy Capital (BOOK) announced an investment into amplify5, a leading UK-headquartered business, specialising in offshoring critical business function solutions to Cape Town, South Africa. BOOK has made an investment for a significant minority stake and provided capital to fund and accelerate further growth of the business under the founder’s continued leadership. Further financial terms have remained undisclosed.
- Gresham House Energy Storage Fund (GRID) announced the energisation of one new project and the energisation of battery duration augmentations on two existing projects adding 55MW and 176MWh of capacity to the operational portfolio. This increases the operational capacity of the portfolio to 845MW / 1,207MWh from 790MW / 931MWh at 30 June.
- Custodian Property Income REIT (CERI) has announced that Ian Mattioli MBE DL will be stepping down from its board with immediate effect to focus on his role as CEO of Mattioli Woods Limited following its recent transition to private ownership. Nathan Imlach has been appointed as a new non-executive director. Nathan is currently senior independent director of Mortgage Advice Bureau.