Gryphon Capital Income Trust Announces Daily NTA of $2.0146 Per Unit as of 22 July 2026

Overview of Gryphon Capital Income Trust and Its Market Role

Gryphon Capital Income Trust is a registered managed investment scheme (ARSN 623 308 850) operated by One Managed Investment Funds Limited, the responsible entity holding an Australian Financial Services Licence (AFSL 297042). Listed on the Australian Securities Exchange under ticker GCI, the trust is structured to offer income-generating investment opportunities to its unitholders. By pooling capital from multiple investors, GCI builds a diversified portfolio aimed at providing regular income distributions alongside potential capital growth.

Managed and overseen by One Managed Investment Funds Limited, a licensed financial services provider based in Sydney, the responsible entity handles investment decisions, portfolio management, regulatory compliance, and regular reporting to unitholders and the ASX. This trust structure enables individual investors to access professionally managed portfolios with exposure to assets and strategies that typically require larger capital commitments. Such a structure is common among Australian managed investment trusts listed on the ASX.

Significance of Net Tangible Asset Backing for GCI Investors

Net Tangible Asset (NTA) backing per unit is a vital metric for investors in managed investment trusts, representing the net value of tangible assets divided by the number of units outstanding. For Gryphon Capital Income Trust, the reported NTA of $2.0146 per unit as at 22 July 2026 reflects the underlying value supporting each unit held. This figure is crucial for income-focused trusts, helping unitholders evaluate whether the trust is trading at a premium or discount to its asset value and serving as a benchmark for fund performance assessment.

The update clarifies that all figures are unaudited and approximate, a standard disclosure for daily NTA reporting. Therefore, the $2.0146 figure is a working estimate based on available market data and portfolio valuations at the close of business on the reporting date, not a fully audited figure. Investors monitor daily NTA changes to track shifts in the trust’s value due to market conditions, portfolio rebalancing, distributions, or asset price fluctuations. Regular NTA disclosures enhance transparency, enabling informed investment decisions.

Daily NTA Reporting Offers Insight Into Portfolio Valuation

GCI’s release of daily NTA backing aligns with common practice among ASX-listed managed investment trusts, providing investors with frequent updates on net asset value. Reporting the NTA as at 22 July 2026 demonstrates the trust’s commitment to consistent and transparent market communication. For income-focused trusts like GCI, daily NTA reporting is valuable for unitholders to monitor the effects of market movements, dividend payments, and portfolio changes on investment value in near real-time.

The timing of the NTA announcement—issued on 23 July 2026, the business day after the reporting date—complies with ASX requirements and market best practices. This regular reporting cadence allows investors to track historical NTA trends and evaluate trust performance. Given the unaudited nature of daily NTA figures, they are calculated swiftly to provide timely market information, with audited figures typically published in annual financial statements and fund fact sheets.

Role and Regulatory Framework of Responsible Entity One Managed Investment Funds Limited

One Managed Investment Funds Limited acts as the responsible entity for Gryphon Capital Income Trust and holds Australian Financial Services Licence (AFSL) 297042, granted by the Australian Securities and Investments Commission (ASIC). This licence authorizes the entity to provide financial product advice and manage registered managed investment schemes. Under the Corporations Act 2001 (Cth), the responsible entity must act in the best interests of unitholders and maintain proper financial and compliance standards.

Operating from Level 16, Governor Macquarie Tower, 1 Farrer Place, Sydney NSW 2000, One Managed Investment Funds Limited is a key player in Australia’s fund management sector. Its regulatory obligations include governance, conflict of interest management, and regular reporting to unitholders and the ASX. For GCI investors, the presence of a licensed and regulated responsible entity offers essential investor protection within Australia’s managed funds framework.

Market Environment for Income-Oriented Managed Investment Trusts

Gryphon Capital Income Trust operates within Australia’s income-generating managed investment product market, which has attracted significant investor interest amid fluctuating income yields across asset classes. Income trusts appeal to investors seeking regular distributions from dividends, interest, or other income sources generated by the portfolio. GCI’s income focus places it in a competitive field alongside other ASX-listed trusts, ETFs, and direct equities, each with distinct risk-return and distribution profiles.

Factors such as equity yields, bond markets, and economic growth directly affect the performance and appeal of income-focused products. The July 2026 reporting date occurs during a period influenced by Australian interest rates, inflation expectations, and earnings forecasts, all impacting asset valuations and investor demand for income strategies. Understanding this macroeconomic context helps GCI unitholders interpret the reported NTA and set expectations for future income and capital performance.

Importance of Consistent NTA Disclosure for ASX-Listed Trusts

Gryphon Capital Income Trust’s daily NTA disclosures align with regulatory and best practice standards for transparency in ASX-listed managed investment trusts. Regular NTA reporting ensures efficient market functioning by providing investors with timely, price-relevant information on the trust’s underlying value. ASX Listing Rules and corporate governance principles mandate prompt communication of financial position changes, ensuring equal access to material information for all investors.

For investors comparing GCI with other income investments, access to current NTA data is critical for informed allocation and trading decisions. Many use NTA as a reference when deciding to buy, hold, or sell units, especially since daily portfolio details may not be fully transparent. GCI’s commitment to daily NTA releases underscores its dedication to investor confidence and market efficiency.

Key Considerations for Investors in Future GCI Updates

Current and prospective GCI unitholders should track upcoming NTA announcements to identify trends in the trust’s value. Changes in NTA reflect portfolio performance, market conditions, and distribution impacts. Sustained NTA increases may indicate strong returns and effective management, while declines could signal market challenges or distributions exceeding gains.

Beyond daily NTA, investors should also monitor distribution announcements, annual reports, and any material changes in the responsible entity, investment strategy, or portfolio. Important upcoming milestones include distribution rate announcements and publication of fund fact sheets or annual reports detailing holdings, performance, and fees. Market factors like interest rates and equity performance will continue to influence NTA and the trust’s income delivery.

Risk Factors for Gryphon Capital Income Trust Unitholders

Investment in Gryphon Capital Income Trust units carries inherent risks related to market volatility, portfolio composition, and asset performance. The reported NTA of $2.0146 per unit is unaudited and approximate, so actual values may vary. Fluctuations in asset prices, interest rates, credit conditions, or economic activity can affect NTA, investment value, and distribution levels.

Additional risks include potential reductions or suspensions of income distributions if portfolio yields decline or assets underperform, and the possibility that income objectives may not be met under adverse conditions. Operational and regulatory risks linked to the responsible entity’s management, including strategy or personnel changes, also apply. Investors should review the trust’s Product Disclosure Statement and related documents to fully understand these risks.

Distribution Approach and Income Generation for GCI Investors

Although the update does not specify current or future distribution rates, Gryphon Capital Income Trust’s income focus suggests it aims to provide regular distributions derived from portfolio yields and returns. Income trusts typically balance steady payouts with capital preservation to maintain sustainable distributions over time. The trust’s ability to pay distributions depends on income generated by its portfolio and prevailing market conditions.

Investors seeking details on GCI’s distribution history, policies, and outlook should consult the trust’s Product Disclosure Statement, annual reports, and ASX announcements. Distributions are generally paid quarterly or semi-annually, with amounts determined by the responsible entity based on trust performance and income received. For income-focused investors, understanding historical yields and distribution sustainability is vital to assess whether GCI meets their investment and income goals.