KKV Secured Loan Fund Limited Portfolio Manager Update (2199D)

TIDMKKVL

RNS Number : 2199D

KKV Secured Loan Fund Limited

25 June 2021

25 June 2021

KKV Secured Loan Fund Limited

("KKVL" or the "Company")

LEI: 2138007S3YRY3IUU4W39

Portfolio Manager Update

The Board of KKVL is aware that, KKV Investment Management Limited ("KKVIM"), the Company's portfolio manager, is in a dispute with SQN Capital Management, LLC ("SQN"), in relation to amounts payable by KKVIM to SQN pursuant to an agreement reached at the time KKVIM was appointed as the Company's portfolio manager in June 2020 (the "Dispute"). SQN has appointed a Fixed Charge Receiver to seek to collect amounts it claims are owned to it by KKVIM.

While the Dispute does not concern the Company directly, the Fixed Charge Receiver has contacted the Company requesting that payments that would otherwise be made by the Company to KKVIM pursuant to the investment management agreement, be instead paid to SQN. KKVIM is challenging the appointment of the Fixed Charge Receiver.

The Dispute does not impact the ongoing management of the portfolio or the realisation of the Company's assets, however, the Company will continue to monitor the situation and any impact it may have on KKVIM and the Company.

For further information please contact:

 
KKV Secured Loan Fund Limited             Brett Miller via the Company 
                                           Secretary 
BNP Paribas Securities Services S.C.A., 
 Guernsey Branch 
 Company Secretary                        01481 750 853 
Winterflood Securities Limited 
 Neil Langford 
 Chris Mills                              020 3100 0000 
 

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June 25, 2021 11:50 ET (15:50 GMT)