TIDMSMEF

RNS Number : 4119L

SME Loan Fund PLC (The)

03 October 2016

The SME Loan Fund plc

("SMEF" or the "Company")

Portfolio Update

3 October 2016

The board of SMEF announces that, on 30 September 2016, the Company conducted a series of transactions with GLI Finance Limited. Existing holdings in the loan note of a pharmaceutical company and a solar energy construction loan were increased, both carry interest rates of 9%. The Company currently has a 10% participation in two BMS Finance structures: the UK SARL and Irish SARL. Exposure to these companies is to be extended up to 20% of their structure. A reduction in exposure to The Credit Junction Senior Preferred Shares is taking place to leave exposure at 2.6% of the Net Asset Value from 3.7%. The net effect of the transactions is a cash transfer to GLI Finance Limited of GBP1,553,745.13. The average weighted yield of SMEF's portfolio has remained broadly unchanged but the credit profile has improved. The transactions are entirely in keeping with the investment objective of SMEF, with the aim of providing a low risk exposure to SME Alternative Finance loan markets.

 
 Enquiries to: 
 Richard Hills, Chairman        c/o Cantor Fitzgerald 
                                 Europe 
 Amberton Asset Management      tel: +44 (0)1481 708 
  Limited                        280 
  Graham Glass, Managing 
  Director 
  graham.glass@ambertonam.com 
 Cantor Fitzgerald Europe       tel: +44 (0)20 7894 8229 
  Sue Inglis / Ben Heatley 
 www.thesmeloanfund.com

This information is provided by RNS

The company news service from the London Stock Exchange

END

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October 03, 2016 02:00 ET (06:00 GMT)

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