GLI Finance has reported an increase in its net asset value from 49.09p to 49.99p per share and paid 5p of dividends over the year, up from 4.7p in the previous year.
GLI Finance, led by CEO, Geoff Miller (pictured), made four acquisitions over the year and has made five since, increasing its exposure to the peer-to-peer lending sector while retaining its focus on lending to small and medium sized enterprises. The Board has confirmed that the intention is to reduce the company’s exposure to its CLO portfolio and is considering listing the CLO interests within a separate vehicle.
NB the author of this post is a director of GLI Finance Limited