TIDMSSIF

RNS Number : 4825X

Secured Income Fund PLC

04 May 2021

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

4 May 2021

SECURED INCOME FUND PLC

(the "Company")

B Share Scheme

Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return GBP3,686,224 to Shareholders via a second Return of Capital by the issue of B Shares.

B Shares of GBP1 each will be paid up from capital and issued to all Shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for approximately every Fourteen point Two Nine Ordinary Shares held at the Record Date of 6.00 p.m. on 13 May 2021. The B Shares will be issued on 14 May 2021 and immediately redeemed at GBP1 per B Share. The Redemption Date in respect of this Return of Capital is 14 May 2021. The proceeds from the redemption of the B Shares, which is equivalent to 7.00 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders. The capital being returned represents approximately 10.71 per cent. of the Company's Net Asset Value as at 31 March 2021, being the latest published Net Asset Value.

Timetable

It is expected that the timetable will be as follows:

 
 Record Date of second Return       6.00 p.m. on 13 May 2021 
  of Capital 
 Ex date in respect of second                    14 May 2021 
  Return of Capital 
 Redemption Date of second Return                14 May 2021 
  of Capital 
 Payment date for CREST                          21 May 2021 
 Dispatch of cheques in respect                  21 May 2021 
  of certificated holders 
 

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 14 May 2021 the total number of ordinary shares in issue will remain at 52,660,350 and the total number of voting rights in the Company is 52,660,350. There are no shares held in treasury.

The above figure of 52,660,350 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:

 
 
 Directors 
  David Stevenson (Chair)                tel: +44 7973 873785 
  Susan Gaynor Coley                     tel: +44 7977 130673 
  Brett Miller                           tel: +44 7770 447338 
 KKV Investment Management Ltd         Investor.communications@kkvim.com 
  Catherine Halford Riera 
 finnCap Ltd.                          tel: +44 20 7220 0500 
  Corporate Finance: William Marle 
  / Giles Rolls 
  Sales: Mark Whitfeld 
 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

MSCUSAARASUVRAR

(END) Dow Jones Newswires

May 04, 2021 07:16 ET (11:16 GMT)