Gryphon Capital Boasts Strong Monthly Yield

Gryphon Capital Income Trust (AU:GCI) has released an update.

Gryphon Capital Income Trust (ASX: GCI) announces a strong performance with a 1.46 cents per unit distribution for April, translating to an impressive 9.21% annualised yield. The Trust aims to provide sustainable, monthly income with a target return exceeding the RBA Cash Rate by 3.50% p.a., investing primarily in the Australian Securitisation market. Despite not participating in new April issues, Gryphon’s dynamic investment strategy and recent capital raise have allowed for timely investment opportunities in line with their objectives of high risk-adjusted return and capital preservation.

For further insights into AU:GCI stock, check out TipRanks’ Stock Analysis page.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Tags

More Related Articles

Info icon

This data feed is not available at this time.

Sign up for the TradeTalks newsletter to receive your weekly dose of trading news, trends and education. Delivered Wednesdays.