REG - Secured Income Fd - Portfolio Manager Update

Secured Income FundAnnouncement

21/10/2021 14:00

RNS Number : 8464P
  
Secured Income Fund PLC
  
21 October 2021
  
 

 
21 October 2021
 
Secured Income Fund plc
("SSIF" or the "Company")
 
LEI: 213800TR2S2TT6PKVH57
 
Portfolio Manager Update
 
The Board of Secured Income Fund plc (the "Company") announced on 5 July 2021 that the previously advised temporary leave of absence granted by KKV Investment Management Ltd (the "Portfolio Manager") to Dawn Kendall, Chief Investment Officer, had been extended.
 
The Portfolio Manager has informed the Board that Dawn's leave of absence has been further extended and at this current time it is not clear to the Board if Dawn will be able to return in the near term.
The Company has continued to deliver on the Company's asset realisation programme with a total of £6.8 million having been returned to shareholders since 11 May 2021 (the date of the announcement of Dawn's leave of absence). The Company continues to progress asset disposals opportunities while working with borrowers to maximise recovery and returns, and the Board is of the view that the Company's managed wind-down has not been materially impacted by Dawn's absence.
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
Catherine Halford Riera
 
 


Investor.communications@kkvim.com 




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


tel: +44 20 7220 0500
 
 








 

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