TIDMSSIF

RNS Number : 0739T

Secured Income Fund PLC

15 March 2023

15 March 2023

Secured Income Fund plc

Legal Entity Identifier: 213800TR2S2TT6PKVH57

Confirmation of Cancellation of Capital Redemption Reserve

At a general meeting of Secured Income Fund plc (the "Company") held on 15 December 2022, a special resolution of shareholders approving, subject to the confirmation of the High Court of Justice (the "High Court"), the cancellation of the entire amount standing to the credit of the Company's capital redemption reserve (the "Reduction of Capital") was passed.

The Company is now pleased to announce that the final hearing in the Court process to cancel the amount standing to the credit of its capital redemption reserve was held on 28 February 2023 and an order was pronounced by the High Court confirming the cancellation of that part of the Company's share capital (the "Order"). The Order has now been registered at Companies House, together with a statement of capital approved by the High Court, and the Reduction of Capital is now effective with all steps required in connection with the process having been completed.

As explained in the Company's circular to shareholders dated 22 November 2022, the purpose of the Reduction of Capital is to improve the Company's distributable reserves position. The Company is pleased to confirm that the Reduction of Capital has resulted in an increase of GBP19.5 million in the Company's distributable reserves.

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 
 finnCap Ltd.                        tel: +44 20 7220 0500 
  Corporate Finance: William Marle 
  Sales: Mark Whitfeld

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March 15, 2023 06:45 ET (10:45 GMT)

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