REG - Secured Income Fd - B Share Scheme

Secured Income FundAnnouncement

16/12/2021 15:30

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RNS Number : 9383V  Secured Income Fund PLC  16 December 2021

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

16 December 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 £1,316,509 to
Shareholders via a Fourth Return of Capital by the issue of B Shares.

B Shares of £1 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 40.00 Ordinary
Shares held at the Record Date of 6.00 p.m. on 24 December 2021. The B Shares
will be issued on 29 December 2021 and immediately redeemed at £1 per B
Share. The Redemption Date in respect of this Return of Capital is 29 December
2021. The proceeds from the redemption of the B Shares, which is equivalent to
2.5 pence per Ordinary Share, will be sent to uncertificated Shareholders
through CREST or via cheque to certificated Shareholders.

Timetable

It is expected that the timetable will be as follows:

 Record Date of Fourth Return of Capital                 6.00 p.m. on 24 December 2021
 Ex-date in respect of Fourth Return of Capital          29 December 2021
 Redemption Date of Fourth Return of Capital             29 December 2021
 Dispatch of cheques in respect of certificated holders  5 January 2022
 Uncertificated holders credited with cash proceeds      6 January 2022

 Pay date for B Share return of capital                  6 January 2022

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 29 December 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 (mailto:Investor.communications@kkvim.com)

 finnCap Ltd.                          tel: +44 20 7220 0500

 Corporate Finance: William Marle

 Sales: Mark Whitfeld

 

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