GCP ASSET BACKED INC. FD

GCP Asset Backed Income Fund has announced the sale of three first‑lien loans, secured by operating care‑home projects in the UK, for at least £41.4 million. The sale price matches the valuation most recently reported in the net asset value; completion is subject to a ten‑business‑day financing condition and proceeds are expected in mid‑June. The disposal is intended to realise the loan portfolio in an orderly manner and return capital to shareholders; a fourth compulsory redemption will be announced together with the NAV as of 30 June. » More on de.investing.com