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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Sme Loan Fd | LSE:SMEF | London | Ordinary Share | GB00BYMK5S87 | ORD 1P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 98.25 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMSMEF
RNS Number : 4119L
SME Loan Fund PLC (The)
03 October 2016
The SME Loan Fund plc
("SMEF" or the "Company")
Portfolio Update
3 October 2016
The board of SMEF announces that, on 30 September 2016, the Company conducted a series of transactions with GLI Finance Limited. Existing holdings in the loan note of a pharmaceutical company and a solar energy construction loan were increased, both carry interest rates of 9%. The Company currently has a 10% participation in two BMS Finance structures: the UK SARL and Irish SARL. Exposure to these companies is to be extended up to 20% of their structure. A reduction in exposure to The Credit Junction Senior Preferred Shares is taking place to leave exposure at 2.6% of the Net Asset Value from 3.7%. The net effect of the transactions is a cash transfer to GLI Finance Limited of GBP1,553,745.13. The average weighted yield of SMEF's portfolio has remained broadly unchanged but the credit profile has improved. The transactions are entirely in keeping with the investment objective of SMEF, with the aim of providing a low risk exposure to SME Alternative Finance loan markets.
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Enquiries to:
Richard Hills, Chairman c/o Cantor Fitzgerald
Europe
Amberton Asset Management tel: +44 (0)1481 708
Limited 280
Graham Glass, Managing
Director
graham.glass@ambertonam.com
Cantor Fitzgerald Europe tel: +44 (0)20 7894 8229
Sue Inglis / Ben Heatley
www.thesmeloanfund.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
PFUBLGDCXGXBGLG
(END) Dow Jones Newswires
October 03, 2016 02:00 ET (06:00 GMT)
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