REG - VPC Specialty - Portfolio Update

VPC Specialty Lending InvestmentsAnnouncement

29/06/2020 13:45

RNS Number : 4074R
  
VPC Specialty Lending Invest. PLC
  
29 June 2020
  
 

29 June 2020
 
VPC Specialty Lending Investments PLC
(the "Company")
PORTFOLIO UPDATE
 
Earlier today the UK subsidiary of Elevate (NYSE: ELVT) was placed into administration by its board of directors. This subsidiary represents less than 5% of Elevate's overall business. The direct investment exposure of the UK subsidiary of Elevate in the Company as at 31 May 2020 was 1.2% of NAV. The Company's investment is fully secured by Elevate UK assets and benefits from a guarantee from the Elevate US parent company. We expect no impact on NAV or future performance as a result of this announcement.
 
For additional information, see Elevate's press release: https://www.elevate.com/newsroom-article.html?article=elevate-credit-exit-uk-market
 
 
Enquiries
For further information, please contact: 
 



Victory Park Capital
Brendan Carroll (Senior Partner and Co-Founder) 
Gordon Watson (Partner)


via Jefferies or Winterflood (below) info@vpcspecialtylending.com














Jefferies International Limited 


Tel: +44 20 7029 8000




Stuart Klein
Neil Winward








Gaudi le Roux


















Winterflood Securities Limited


Tel: +44 20 3100 0000




Neil Morgan








Chris Mills
 


















Link Company Matters Limited (Company Secretary)


Tel: +44 20 7954 9567
Email: VPC@linkgroup.co.uk













 
About VPC Specialty Lending Investments PLC
VPC Specialty Lending Investments PLC (Company No. 9385218) is a UK listed investment trust focused on asset-backed lending to emerging and established businesses with the goal of building long-term, sustainable income generation. The Company identifies investment opportunities across various industries and geographies to offer shareholders access to a diversified portfolio of opportunistic credit investments originated by non-bank lenders with a focus on the rapidly developing technology-enabled lending sector.
 
Further information on VPC Specialty Lending Investments PLC is available at: http://vpcspecialtylending.com. 
 
LEI: 549300UPEXC5DQB81P34
 
 


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