Gryphon Capital Income Trust (AU:GCI) has released an update.
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Gryphon Capital Income Trust (ASX: GCI), managed by Gryphon Capital Investments Pty Ltd and subsidiary of Barings, has announced a monthly distribution of 1.46 cents per unit, indicative of an annualized yield of 8.90%. The trust aims to provide sustainable monthly income with a target return exceeding the RBA Cash Rate by 3.50% p.a., primarily through investments in the Australian Securitisation market, with prospects of capital preservation and high risk-adjusted returns.
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