Return of Capital

RNS Number : 2481Q

KKV Secured Loan Fund Limited

24 February 2021

 

24 February 2021

KKV Secured Loan Fund Limited

 ("the Company")

LEI: 2138007S3YRY3IUU4W39

RETURN OF CAPITAL

The Board of Directors of KKV Secured Loan Fund Limited (the "Company") is pleased to announce that it has resolved to return an amount of 5 pence per share to Ordinary Shareholders, being £17,798,784 based on the current number of shares in issue, and to return an amount of 12 pence per share to C Shareholders, being £16,670,906 (the "Distributions").

This return of capital will be effected by way of an issue of redeemable B and D shares to existing shareholders pro rate to their shareholding on the record date set out below and the subsequent redemption of those shares.

It is expected that the timetable for the return of capital will be as follows:

5 March 2021	Ex-Date
8 March 2021	record date for shareholders on the register to receive B or D shares
9 March 2021	B shares issued pro-rata to Ordinary shareholders on the register as at the record date D shares issued pro-rate to C Share Class Shareholders on the register as at the record date
9 March 2021	B shares redeemed and cancelled D shares redeemed and cancelled
16 March 2021	cheques in relation to the redemption payment sent to shareholders that hold their shares in certificated form
17 March 2021	redemption payment made through CREST to shareholders who hold their shares in uncertificated form
17 March 2021	payment date for CREST and certificated shareholders.

All redemption payments will be paid gross of tax.

This announcement is released by KKV Secured Loan Fund Limited and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR.

For further information please contact: 

KKV Secured Loan Fund Limited	Brett Miller via the Company Secretary
KKV Investment Management Ltd Catherine Halford	[e-mail]
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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