REG - Secured Income Fd - Review of Material Loan

Secured Income FundAnnouncement

05/10/2021 11:30

RNS Number : 0761O
  
Secured Income Fund PLC
  
05 October 2021
  
 

5 October 2021                                         
Secured Income Fund plc
 
Review of Material Loan  
  
Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK, announces that it is undertaking a review of a loan that had a book value of £5,619,975 at 30 June 2021.
 
The carrying value of the loan had been based upon repayment of the loan at the end of September, which has not yet occurred due to a delay in the borrower obtaining refinancing elsewhere. The review of the loan is expected to result in a substantial increase in provisioning.  KKV is working proactively with the borrower to ensure the best possible outcome for shareholders.  A further announcement will be made once the review is concluded. 
 
For further information please contact:
 













Directors
David Stevenson (Chair)
Susan Gaynor Coley
Brett Miller
 
 


 
tel: +44 7973 873 785
tel: +44 7977 130 673
tel: +44 7770 447 338
 
 




KKV Investment Management Ltd
 
 


Investor.communications@kkvim.com 




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


tel: +44 20 7220 0500
 
 



 

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