21 Oct 2021 14:00
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:
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Directors David Stevenson (Chair) Susan Gaynor Coley Brett Miller
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tel: +44 7973 873785 tel: +44 7977 130673 tel: +44 7770 447338
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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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