REG - Secured Income Fd - Net Asset Value(s)

Secured Income FundAnnouncement

28/10/2021 09:05

RNS Number : 5677Q
  
Secured Income Fund PLC
  
28 October 2021
  
 

28 October 2021                                  
Secured Income Fund plc
 
Monthly Net Asset Values
  
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 values ("NAVs").
 
Net Asset Values
 
Revised 31 July 2021 NAV
Subsequent to the announcement of the 31 July 2021 NAV of 31.20 pence on 25 August 2021, the Company was informed that a borrower had not finalised refinancing ahead of the 30 September 2021 repayment date and, consequently, repayment of the loan was to be delayed.  As a result, the expected credit loss as at 30 June 2021 and 31 July 2021 for the loan has been amended, resulting in a change to the 31 July 2021 NAV. 
 
The revised unaudited estimated NAV per ordinary share (cum-income) as at 31 July 2021 was 30.37 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 25.5 pence per ordinary share.
 
31 August 2021 NAV
The Company announces that, as at 31 August 2021, the unaudited estimated NAV per ordinary share (cum-income) was 30.71 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 25.5 pence per ordinary share.
 
30 September 2021 NAV
The Company announces that, as at 30 September 2021, the unaudited estimated NAV per ordinary share (cum-income) was 31.11 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 25.5 pence per ordinary share.
 
(https://kkvim.com/secured-income-fund/) 
 
For further information please contact:
 




 


 




Directors
David Stevenson (Chair)
Susan Gaynor Coley
Brett Miller
 
 


 
tel: +44 7973 873785
tel: +44 7977 130673
tel: +44 7770 447338
 
 




KKV Investment Management Ltd
 
 


Investor.communications@kkvim.com 




finnCap Ltd.
Corporate Finance: William Marle
Sales: Mark Whitfeld


tel: +44 20 7220 0500
 
 



 
 
 



 

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
 
 
NAVDVLBLFBLZFBE