SSIF.L Share Price (SSIF)

Shouldn't a dividend be on it's way?

With the managed wind-down, what does that mean for investors? Will the shares suddenly dissolve at the end, are they paid back at a certain share price? What's the process?

Has anyone actually had this paid yet ? I think it was due at Crest on the 31/03 . Still not at HL and they’ve not had any update on when it will arrive .

Why I am invested in Secure Income Fund

I had this share on my watch list last year, but things were about to change, and I decided to wait.

I am still in the process of migrating from AIM to top 350 companies for dividends and potential capital growth.

A few years ago, when a FTSE 100 company went ex-dividend like say LGEN or DLG, whatever the dividend was, the share-price on the day it went ex-dividend would almost always without exception decrease by the dividend amount. That is not the case over the past 18 months or so and often the share-price perversely increases on the day that it goes ex-dividend.

Secure Income Fund is not your normal share. The company is in rundown mode and in the process of winding-up and returning capital to shareholders.

The most recent capital return of 12.5p is being paid tomorrow and the current NAV is 78.2p. You need to read some recent RNS to fully understand how much you may receive on the wind-down. Recently when the share went “ex-return of capital” the share-price did fall by 12.5p which is understandable.

With my financial background and knowing what a large Scottish Retail Bank did (does) when “collecting assets” I estimate that in the process of winding down Secure Income Fund there will be more than 78.2p returned to shareholders. This is because in previous write-downs some of these were written off or written down substantially and now SIF are in the process of “collecting” previous bad debts they will be making offers to “secured” clients, offers that in my opinion will be a win-win for the clients and SIF.

RKB

PS Theosus I may have arrived late to the company that you referred to but I have done very well with that one, it is the only share I have traded and continue to trade.