Secured Income Fund PLC Monthly Net Asset Value, Dividend and Fact Sheet
RNS Number : 2425X
Secured Income Fund PLC
26 August 2020
26 August 2020
Secured Income Fund plc
Monthly Net Asset Value, Dividend and Fact Sheet
Secured Income Fund plc (LSE: SSIF) (the "Company"), a
specialist secured lending income investment trust, listed in the
UK, is pleased to provide its monthly net asset value ("NAV") and
dividend update in addition to its monthly fact sheet.
Net Asset Value
The Company announces that, as at 31 July 2020, the unaudited
estimated NAV per ordinary share (cum-income) was 86.42 pence.
The NAV total return in July 2020 was 0.74%.
Further to the vote to wind up, the Company is pleased to
announce that in addition to the regular monthly dividend that a
further 2.917p distribution can be made to Shareholders, providing
for a total distribution in the first month for the year ending
30(th) June 2021 as follows;
Dividend amount: 3.50 pence per Ordinary Share
Ex-date: 03 September 2020
Record date: 04 September 2020
Payment date: 25 September 2020
This is consistent with the Company's commitment to returning
available cash to Shareholders in as short a time frame as possible
without damaging capital value for investors.
The Company has elected to designate all of the dividends for
the period ended 31 July 2020 as interest distributions to its
shareholders. In doing so, the Company is taking advantage of UK
tax treatment by "streaming" income from interest-bearing
investments into dividends that will be taxed in the hands of
shareholders as interest income.
The Company announces that it has today published its monthly
fact sheet to the end of July 2020 which is available to download
from the Company's website.
( https://kkvim.com/secured-income-fund/ )
For further information please contact:
David Stevenson (Chair) tel: +44 7973 873785
Susan Gaynor Coley tel: +44 7977 130673
Brett Miller tel: +44 7770 447338
KKV Investment Management Ltd tel: +44 20 7429 2200
Catherine Halford Riera
finnCap Ltd. tel: +44 20 7220 0500
Corporate Finance: William Marle
/ Giles Rolls
Sales: Mark Whitfeld
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(END) Dow Jones Newswires
August 26, 2020 11:00 ET (15:00 GMT)