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GCP Asset Backed Income Fund Ltd - London-based UK asset backed loan investor - Says net asset value at September 30 was 93.36 pence per share, down 15% from 110.02p at June 30. Says this is primarily due to a further write down during the quarter of around £2.8 million to the value of the Co-living group investment. Says the weighted average discount rate of the portfolio at September 30 was 10%, an increase of 1.1% over the quarter from 9.3% at June 30. Current stock price: 53.19 pence, up 0.7% 12-month change: down 31% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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