Gryphon Capital Income Trust (AU:GCI) has released an update.
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Gryphon Capital Income Trust (ASX: GCI) posted a notable annual net return of 9.51%, consistently surpassing its target returns by maintaining a spread of 4.14% over the RBA Cash Rate since inception. With strong investor demand for its Residential Mortgage-Backed Securities and Asset-Backed Securities, Gryphon successfully executed six new issues in November, amounting to A$5.1 billion. This flexibility in portfolio construction allows Gryphon to capitalize on both new and secondary market opportunities, ensuring robust deployment of recent capital raises.
For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.