IN BRIEF: KKV Secured Loan Fund Proposes Company Wind Down

KKV Secured Loan Fund Ltd - London-based equipment leasing and asset finance investment company - Announces intention to put forward proposals for a managed wind-down of the company, for both ordinary share class and C share class. Since July's EGM, KKV Investment Management Ltd raised concerns over valuation of certain assets held within company's portfolios. Says these two factors are likely to continue to impact the rating of the shares for extended period of time. As such, board and the portfolio manager believe shareholder value is best maximised by placing the ordinary share class into managed wind-down alongside the C Share class.

Current stock price: 17.98 pence

Year-to-date change: down 78%

By Arvind Bhunjun; arvindbhunjun@alliancenews.com

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