In the morning briefing from QuotedData on November 6, 2024, several key updates from investment companies were highlighted.

GCP Asset Backed Income Fund (GABI) declared a quarterly dividend of 1.58125 pence per ordinary share for the period from July 1 to September 30, 2024. Additionally, the fund confirmed a second compulsory redemption totaling £45 million at a price of 89.33875 pence per share, with approximately 50.4 million shares expected to be redeemed based on a redemption ratio of 18.95%. Costs related to this redemption are estimated at around £45,000.

Literacy Capital (BOOK) announced a significant minority investment in amplify5, a UK-based company specializing in offshoring business functions to Cape Town, South Africa. This investment aims to support the company's growth while allowing the founder to maintain leadership. Specific financial details of the investment were not disclosed.

Gresham House Energy Storage Fund (GRID) reported the energization of a new project and enhancements to two existing projects, adding a total of 55MW and 176MWh to its operational capacity. This brings the total operational capacity to 845MW and 1,207MWh, an increase from 790MW and 931MWh as of June 30.

Custodian Property Income REIT (CERI) announced a board change, with Ian Mattioli MBE DL stepping down to focus on his role as CEO of Mattioli Woods Limited after its transition to private ownership. Nathan Imlach has been appointed as a new non-executive director, currently serving as the senior independent director of Mortgage Advice Bureau.

These updates reflect ongoing developments in the investment landscape, showcasing strategic moves by various funds to enhance their portfolios and governance.