Gryphon Capital Income Trust (AU:GCI) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Gryphon Capital Income Trust (ASX: GCI) successfully completed a capital raise, reaching A$167.78 million, expanding its market capitalisation to approximately A$850 million. This accomplishment will allow GCI to enhance its participation in the RMBS/ABS market, diversify its portfolio, and increase liquidity for unitholders. Amid strong global investor demand and favorable market conditions, Gryphon’s strategic objectives of sustainable income, high risk-adjusted returns, and capital preservation are well poised for achievement.
For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.