Secured Income Fund PLC Monthly Net Asset Value and Fact Sheet (8988E)
July 12 2021 - 2:37AM
UK Regulatory
TIDMSSIF
RNS Number : 8988E
Secured Income Fund PLC
12 July 2021
12 July 2021
Secured Income Fund plc
Monthly Net Asset Value 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
fact sheet.
Net Asset Value
The Company announces that, as at 31 May 2021, the unaudited
estimated NAV per ordinary share (cum-income) was 40.84 pence.
The estimated NAV per ordinary share includes the deduction of
dividends distributed since the commencement of the wind down on 17
September 2020 of 8.50 pence per ordinary share and B Share buy
backs equivalent to 19.5 pence per ordinary share.
Update regarding US Health Care Services Company - KKV
Investment Management Limited (The Portfolio Manager) is
undertaking a detailed review of this loan following a recent sale
of business assets. This latter decision has rendered the business
economically unviable. In light of this, the Portfolio Manager is
working closely with associated parties to find an acceptable
solution to ensure the best possible outcome for shareholders but
as this process has only commenced it is too early to predict how
it will unfold. A key aspect of the security package in place is a
Guarantee covering the full exposure and The Portfolio Manager
intends to pursue recovery under this instrument with the
assistance of their Advisors if required. A further Announcement
will be made in due course.
Fact Sheet
The Company announces that its monthly fact sheet to the end of
May 2021 will be published shortly and will be available to
download from the Company's website thereafter.
( https://kkvim.com/secured-income-fund/ )
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
Sales: Mark Whitfeld
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