GLI Finance is considering the launch of a trust investing in a portfolio of loans with a "high single digit" yield target.
In a stock exchange announcement today, GLI said it is seeking to convert its own structure from a closed-ended fund into a trading business, as well as separately seeking to launch an independent investment company. GLI provides finance to small and medium-sized enterprises (SMEs) by investing in loans to these businesses as well as originating finance itself via peer-to-peer lenders and other platforms. The proposed trust would be managed by GLI, invest in a diversified portfolio of loans originated principally by the company's family of lending businesses, and seek to provide inves...
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