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Gryphon Capital Income Trust ( (AU:GCI) ) just unveiled an announcement.
Gryphon Capital Income Trust (GCI) has reported consistent performance in 2024, with monthly income distributions surpassing target returns by achieving an annualised yield of 8.88%, significantly exceeding the RBA cash rate. The trust’s market capitalisation has grown to approximately A$850 million due to successful capital raising efforts, enhancing liquidity and investment opportunities. The record year for the Australian public securitisation market, with total public issuance of A$80 billion, has broadened GCI’s investable universe, particularly in the ABS sector, where Gryphon has increased allocations due to its growth and diversification benefits. This strategic emphasis on ABS complements their RMBS portfolio and is backed by a rigorous investment process focused on due diligence and risk management.
More about Gryphon Capital Income Trust
Gryphon Capital Investments Pty Ltd, a wholly owned subsidiary of Barings, operates within the asset management industry. It focuses on the Australian securitisation market, primarily dealing with Residential Mortgage-Backed Securities (RMBS) and Asset-Backed Securities (ABS), offering structured finance solutions. The firm aims to provide sustainable monthly income, high risk-adjusted returns, and capital preservation through its investment strategies.
YTD Price Performance: 0%
Average Trading Volume: 718,999
Technical Sentiment Consensus Rating: Sell
For an in-depth examination of GCI stock, go to TipRanks’ Stock Analysis page.
