Secured Income Fund PLC — Net Asset Value 2021

Jul 12, 2021

National Storage Mechanism | Additional information

RNS Number : 8988E

Secured Income Fund PLC

12 July 2021

12 July 2021                                          

Secured Income Fund plc

Monthly Net Asset Value and Fact Sheet

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 value ("NAV") and fact sheet.

Net Asset Value

The Company announces that, as at 31 May 2021, the unaudited estimated NAV per ordinary share (cum-income) was 40.84 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 19.5 pence per ordinary share.

Update regarding US Health Care Services Company - KKV Investment Management Limited (The Portfolio Manager) is undertaking a detailed review of this loan following a recent sale of business assets. This latter decision has rendered the business economically unviable. In light of this, the Portfolio Manager is working closely with associated parties to find an acceptable solution to ensure the best possible outcome for shareholders but as this process has only commenced it is too early to predict how it will unfold. A key aspect of the security package in place is a Guarantee covering the full exposure and The Portfolio Manager intends to pursue recovery under this instrument with the assistance of their Advisors if required. A further Announcement will be made in due course.

Fact Sheet

The Company announces that its monthly fact sheet to the end of May 2021 will be published shortly and will be available to download from the Company's website thereafter.

(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 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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