KKV Secured Loan Fund Limited Portfolio Manager Update (8400P)
October 21 2021 - 8:00AM
UK Regulatory
TIDMKKVL
RNS Number : 8400P
KKV Secured Loan Fund Limited
21 October 2021
21 October 2021
KKV Secured Loan Fund Limited
(the "Company")
LEI: 2138007S3YRY3IUU4W39
Portfolio Manager Update
The Board of KKV Secured Loan Fund Limited (the "Company")
announced on 5 July 2021 that the previously advised temporary
leave of absence granted by KKV Investment Management Ltd (the
"Portfolio Manager") to Dawn Kendall, Chief Investment Officer, had
been extended.
The Portfolio Manager has informed the Board that Dawn's leave
of absence has been further extended and at this current time it is
not clear to the Board if Dawn will be able to return in the near
term.
The investment team, assisted by Brett Miller, Director, has
continued to deliver on the Company's asset realisation programme
with a total of GBP60 million having been returned to shareholders
since 11 May 2021 (the date of the announcement of Dawn's leave of
absence). The team continues to progress asset disposals
opportunities while working with borrowers to maximise recovery and
returns, and the Board is of the view that the Company's managed
wind-down has not been materially impacted by Dawn's absence.
As announced on 20 August 2021, the Company's Investment
Management Agreement with the Portfolio Manager will terminate on
31 December 2021. The Board has been giving consideration to the
ongoing management and wind-down of the portfolio with effect from
1 January 2022 and a further announcement is expected to be made in
due course.
For further information please contact:
KKV Secured Loan Fund Limited Brett Miller via the Company
Secretary
KKV Investment Management Ltd Investor.communications@kkvim.com
BNP Paribas Securities Services S.C.A.,
Guernsey Branch
Company Secretary 01481 750 853
Winterflood Securities Limited
Neil Langford
Chris Mills 020 3100 0000
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