Secured Income

Portfolio Manager Update
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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