Gryphon Capital Income Trust Entitlement Offer

June 2019

Gryphon Capital Income Trust (GCI) announces a pro rata, non-renounceable Entitlement Offer and Shortfall Offer

Download PDS  

The offer is being undertaken in response to ongoing investor demand for stable and predictable income. Gryphon believes funds raised under the Offer and deployed in accordance with the Investment Strategy will achieve:

  • Additional scale to expand the Trust’s participation in the RMBS/ABS market, thereby diversifying the Portfolio.
  • Expand the Trust’s investor base, providing greater liquidity for Unitholders
  • Reduce the operating costs of the Trust on a cost per Unit basis.

The Offer is not expected to impact the Trust’s Target Return which remains unchanged or the Trust’s ability to pay monthly distributions to Unitholders.

UPDATE: The Responsible Entity has announced that it has closed the Shortfall Offer early at 5:00pm (AEST) on 8 July 2019, due to the very strong support shown by new investors, with applications for New Units under the Shortfall Offer received in excess of New Units available under the Offer. Allocations under the Shortfall Offer will not be determined until the Entitlement Offer has closed, and applicants will be notified by their broker of the outcome of their applications.

Entitlement Offer and Shortfall Offer Details
Entitlement Offer Ratio
1 New Unit for every 2 existing Units
Offer Price
$2.00
Maximum number of New Units that may be issued under the Entitlement Offer
46,780,500
Maximum number of New Units that may be issued under the Trust's Placement Capacity
7,236,500
Maximum gross proceeds from the Entitlement Offer
$108,034,000

Important Dates
21 June 2019 Announcement of the Offer
4 July 2019 Offer opens
8 July 2019
Shortfall Offer Closing Date
25 July 2019 Entitlement Offer Closing Date (5:00 pm AEST)
29 July 2019 Results of the Offer announced
1 August 2019 Entitlement Offer Issue Date
2 August Normal trading of New Units and Additional New Units issued under Entitlement Offer expected to commence on the ASX
13 August Shortfall Offer Issue Date
14 August Normal trading of New Units issued under Shortfall Offer expected to commence on the ASX

The above dates are subject to change and are indicative only. The Responsible Entity reserves the right to amend this indicative timetable subject to the Corporations Act and the Listing Rules. In particular, the Responsible Entity reserves the right to close the Offer early, extend the Entitlement Offer Closing Date or accept late Applications without notifying any recipients of the PDS or any applicant. Investors who wish to make an application are encouraged to do so as soon as practicable after the Offer opens.


If you decide to take up all or part of your Entitlement or take up all of your Entitlement and apply for Additional New Units in excess of your Entitlement, then you must:

1. Pay your Application Monies via BPAY (using the personalised BPAY details provided in your personalised Entitlement and Acceptance Form accompanying the PDS sent to you. A copy is available from the Unit Registry Boardroom Pty Ltd – contact details below). If paying via BPAY, you do not need to complete or return your personalised Entitlement and Acceptance Form;

OR

2. Complete and return your personalised Entitlement and Acceptance Form (with the requisite Application Monies, by following the instructions set out on the personalised Entitlement and Acceptance Form).

If paying by BPAY: Your Application Monies must be received no later than the close of the Entitlement Offer, being 5.00pm (AEST) on 25 July 2019.

If paying via cheque, bank draft or money order: To ensure cleared funds are receipted prior to the Entitlement Offer Closing Date, your completed personalised Entitlement and Acceptance Form and Application Monies must be received by no later than 5:00pm (AEST) on 20 July 2019, at:

Gryphon Capital Income Trust – Entitlement Offer
Boardroom Pty Ltd
GPO Box 3993
Sydney NSW 2001

Telephone No. 1300 737 760 (within Australia


Take up New Units under the Entitlement Offer

  • Eligible Unitholders participating in the Entitlement Offer in full or part.
  • Eligible Unitholders participating in the Entitlement Offer in full and applying for Additional Units.
  • Payment of your Entitlement Application amount via BPAY.
  • Completion of your personalised Entitlement and Acceptance Form accompanying this PDS and paying the Application Monies.
  • You have lost your Entitlement and Acceptance Form and would like a replacement form.

Refer to Section 2 of the PDS or call the applicable contact number below.


Unit Registry: Boardroom Pty Ltd

Registry information line:

1300 737 760 (within Australia)
+ 61 2 9290 9600 (International)

Monday to Friday 9.00am and 5.00pm (Sydney, Australia time)