REG - SLF Realisation Fund - Net Asset Value(s)

SLF Realisation FundAnnouncement

14/11/2023 10:30

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RNS Number : 4027T  SLF Realisation Fund Limited  14 November 2023

SLF Realisation Fund Limited

 (the "Company")

LEI: 2138007S3YRY3IUU4W39

 

Net Asset Valuation ("NAV") Update

 

SLF Realisation Fund Limited (the "Company") announces the following NAV
update.

Ordinary Shares:

As at 30 September 2023, the unaudited estimated NAV was £ 22.5
million or 6.33 pence per Ordinary Share. This compares to £24.7
million or 6.94 pence per Ordinary Share from the 30 June 2023 audited
NAV.

Please note, just prior to this announcement, on the weekend of 11 and 12
November 2023, Borrower 6, a French glass manufacturer, was impacted by floods
in northern France. The extent of the impact is being assessed but it is
likely to impact the timing of payments in the near term.  The Company will
continue to pursue full repayment and the impact on carrying value is not
expected to be material with the biggest effect expected to be on the timing
of the payments,  with current payments likely to be deferred and the
maturity date extended out to 2025. The Company continues to work with the
borrower and monitor the situation.

C Shares:

As at 30 September 2023, the unaudited estimated NAV was £8.7
million or 6.26 pence per C Share. This compares to £11.5
million or 8.28 pence per C Share from the 30 June 2023 audited NAV.

 

For further information please contact:

 

 SLF Realisation Fund Limited       Brett Miller via the Company Secretary

 BNP Paribas S.A., Guernsey Branch  01481 750 853

 Company Secretary

 Winterflood Securities Limited     020 3100 0000

 Neil Langford

 

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