GCP Asset Backed Income (GABI) is weighing a share buyback programme, as the board begins consulting shareholders on the options for the future of the trust.
In a regulatory filing today (30 January), the board confirmed it is in discussion with its advisers on whether to initiate a £7m share buyback programme to return capital in the period to 30 April 2024. The board said it continues to consider a potential sale as an option for GABI's future, after the merger discussions with fellow Gravis trust GCP Infrastructure failed last year. Therefore, the directors noted the timing and implementation of any share buyback scheme "may be tempered by regulatory and commercial considerations" in connection with any potential approaches. GCP Asse...
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