Gryphon Capital Income Trust - Monthly Distribution Announcement - 24 July 2024
GCI (GCI) Share Update July 2024 Wednesday 24th
Gryphon Capital Income Trust Announces Monthly Distribution
Gryphon Capital Income Trust (ASX: GCI) has announced a new monthly distribution for its ordinary units, set to be paid on 8 August 2024.
Instant Summary:
- Distribution amount: AUD 0.0143 per unit
- Ex-date: 30 July 2024
- Record date: 31 July 2024
- Payment date: 8 August 2024
- Distribution is unfranked
Distribution Details
Gryphon Capital Income Trust has declared a monthly distribution of AUD 0.0143 per ordinary unit for the period ending 31 July 2024. This announcement was made on 24 July 2024 and marks a consistent effort by the Trust to provide regular income to its investors.
The ex-date for the distribution is set for 30 July 2024, meaning that investors must own the units by this date to be eligible for the distribution. The record date, when the Trust will determine which shareholders are entitled to the distribution, is 31 July 2024. The payment will be made on 8 August 2024.
Unfranked Distribution
It is important to note that the distribution is unfranked, meaning it does not carry any tax credits for shareholders. The entire amount of AUD 0.0143 per unit will be paid out in cash to the unit holders.
Company Background
Gryphon Capital Income Trust is known for its focus on providing stable income through investments in high-quality, fixed-income assets. The Trust is listed on the Australian Securities Exchange (ASX) under the code GCI. The Trust's strategy involves investing in a diversified portfolio of fixed-income securities, aiming to deliver reliable and consistent returns to its investors.
The announcement of a regular monthly distribution is likely to have a positive impact on Gryphon Capital Income Trust's stock price. Regular distributions can attract income-focused investors seeking stable returns. However, the unfranked nature of the distribution may be less attractive to some investors who prefer the tax benefits associated with franked dividends.
Investor Reaction:
Initial reactions from investors and analysts have been positive, with many appreciating the Trust's commitment to providing consistent income. Some investors have noted the unfranked status but still view the distribution as a positive sign of the Trust's performance.
Conclusion:
Investors should take note of the key dates related to this distribution and consider the potential impact on their portfolios. Gryphon Capital Income Trust's ongoing strategy to deliver regular income makes it an attractive option for those seeking stable returns in the fixed-income market.