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Share Name Share Symbol Market Type Share ISIN Share Description
Secured Income Fund Plc LSE:SSIF 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 0.0% 66.00 65.00 67.00 66.00 66.00 66.00 473 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 4.3 -0.9 -1.7 - 35

Secured Income Fund PLC Monthly Net Asset Value, Dividend and Fact Sheet

26/08/2020 4:00pm

UK Regulatory (RNS & others)


Secured Income (LSE:SSIF)
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From Jul 2020 to Oct 2020

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TIDMSSIF

RNS Number : 2425X

Secured Income Fund PLC

26 August 2020

26 August 2020

Secured Income Fund plc

Monthly Net Asset Value, Dividend and Fact Sheet

Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK, is pleased to provide its monthly net asset value ("NAV") and dividend update in addition to its monthly fact sheet.

Net Asset Value

The Company announces that, as at 31 July 2020, the unaudited estimated NAV per ordinary share (cum-income) was 86.42 pence.

The NAV total return in July 2020 was 0.74%.

Dividend

Further to the vote to wind up, the Company is pleased to announce that in addition to the regular monthly dividend that a further 2.917p distribution can be made to Shareholders, providing for a total distribution in the first month for the year ending 30(th) June 2021 as follows;

 
 Dividend amount:   3.50 pence per Ordinary Share 
 Ex-date:           03 September 2020 
 Record date:       04 September 2020 
 Payment date:      25 September 2020 
 

This is consistent with the Company's commitment to returning available cash to Shareholders in as short a time frame as possible without damaging capital value for investors.

The Company has elected to designate all of the dividends for the period ended 31 July 2020 as interest distributions to its shareholders. In doing so, the Company is taking advantage of UK tax treatment by "streaming" income from interest-bearing investments into dividends that will be taxed in the hands of shareholders as interest income.

Fact Sheet

The Company announces that it has today published its monthly fact sheet to the end of July 2020 which is available to download from the Company's website.

( https://kkvim.com/secured-income-fund/ )

For further information please contact:

 
 
 Directors 
  David Stevenson (Chair)              tel: +44 7973 873785 
  Susan Gaynor Coley                   tel: +44 7977 130673 
  Brett Miller                         tel: +44 7770 447338 
 KKV Investment Management Ltd       tel: +44 20 7429 2200 
  Nicola Bird 
  Catherine Halford Riera 
 finnCap Ltd.                        tel: +44 20 7220 0500 
  Corporate Finance: William Marle 
  / Giles Rolls 
  Sales: Mark Whitfeld 
 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

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END

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August 26, 2020 11:00 ET (15:00 GMT)

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