Monthly Net Asset Value, Dividend and Fact Sheet

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) Susan Gaynor Coley Brett Miller	tel: [phone] tel: [phone] tel: [phone]
KKV Investment Management Ltd Nicola Bird Catherine Halford Riera	tel: [phone]
finnCap Ltd. Corporate Finance: William Marle / Giles Rolls Sales: Mark Whitfeld	tel: [phone]

 

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