Disposal of care home loan portfolio

GCP Asset Backed Income Fund Ltd

02 June 2026

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION

FOR IMMEDIATE RELEASE

02 June 2026

GCP Asset Backed Income Fund Limited

("GABI" or the "Company")

LEI: 213800FBBZCQMP73A815

Disposal of care home loan portfolio

The Company is pleased to announce that it has exchanged contracts for the sale of a portfolio of three senior loans secured against operational care home projects in the UK at a value that is in line with the value of such loans incorporated into the most recently published net asset value of the Company (the "Disposal"). The total proceeds expected to be received by the Company from completion of the Disposal is at least £41.4 million. Completion is subject only to the effluxion of a 10-business day funding window and therefore the proceeds of the Disposal are expected to be received mid-June.

The Company is due to publish its net asset value for 30 June 2026 in mid-July. In accordance with the Company's investment policy to progress a managed realisation of the Company's loan portfolio and return capital to shareholders, the Company intends to announce a fourth compulsory redemption alongside the publication of the 30 June 2026 net asset value.

This announcement contains inside information for the purposes of Article 7 of Regulation (EU) No 596/2014, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (as amended) ("MAR"). Upon publication of this announcement, the inside information is now considered to be in the public domain for the purposes of MAR. The person responsible for arranging the release of this announcement on behalf of the Company is Helen Crowe, Director at Apex Financial Services (Alternative Funds) Limited.

For further information:

GCP Asset Backed Income Fund Limited Alex Ohlsson, Chairman	[phone]
Gravis Capital Management Limited - Investment Manager Philip Kent Anthony Curl Cameron Gardner	[phone]
Barclays Bank PLC, acting through its Investment Bank - Corporate Broker Dion Di Miceli James Atkinson	[phone] [e-mail]
Buchanan - Media Enquiries Helen Tarbet Henry Wilson Nick Croysdill	[phone]

Notes to the Editor

About GABI

GCP Asset Backed Income Fund Limited is a closed ended investment company. Its shares are traded on the Main Market of the London Stock Exchange. Its investment objective is to undertake a managed wind-down of the Company and realise all existing assets in the Company's portfolio in an orderly manner.

The Company's portfolio comprises a diversified portfolio of predominantly UK based asset backed loans which are secured against contracted, predictable medium to long term cash flows and/or physical assets.

 

END