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Gryphon Capital Income Trust ( (AU:GCI) ) has shared an announcement.
Gryphon Capital Income Trust has successfully raised approximately A$57.37 million through a unit purchase plan, issuing 28,685,000 new units at A$2.00 each. The funds will support the Trust’s incremental portfolio management in line with its investment strategy, enhancing its position in the fixed income market.
More about Gryphon Capital Income Trust
Gryphon Capital Investments Pty Ltd, a subsidiary of Barings, is a fixed income investment manager with extensive experience in both Australian and international markets, managing over A$4.9 billion in assets. The company benefits from Barings’ global platform, which manages over US$456 billion in assets, allowing Gryphon to scale its investment strategies.
Average Trading Volume: 965,915
Technical Sentiment Signal: Buy
For a thorough assessment of GCI stock, go to TipRanks’ Stock Analysis page.