TIDMKKVL

RNS Number : 1899O

KKV Secured Loan Fund Limited

06 October 2021

6 October 2021

KKV Secured Loan Fund Limited

(the "Company")

LEI: 2138007S3YRY3IUU4W39

Update on Assets

The Board of the Company is pleased to announce that two loans within the C Share Class Portfolio, that provided regulatory capital for a US insurance business, have been purchased by another party. The loans have been purchased for consideration of US$4.0m. As at 31 December 2020, the loans had a carrying value of zero. The loans were marked as Borrower 42 and 58 within the C Share Class Portfolio in the December 2020 Half-Year Report and Accounts.

Additionally, a loan within the Ordinary Share Class Portfolio that financed domestic heating systems and associated maintenance contracts has been settled. The loan was purchased for consideration of GBP3.8m. As at 31 December 2020, the loan had a carrying value of GBP3.0m. The loan was marked as Borrower 10 within the Ordinary Share Class Portfolio in the December 2020 Half-Year Report and Accounts.

Finally, the Board of the Company would also like to notify investors of two smaller settlements of positions within the Ordinary Share Class Portfolio, as detailed below:

 
 Borrower   Consideration   Date of Completion    December 2020     Loan Description 
                                                  Carrying Value 
  18(1)        GBP0.0m         12 July 2021          GBP0.0m       Farm scale AD Plant 
           --------------  -------------------  ----------------  -------------------- 
    35         GBP0.3m          31 August            GBP0.0m         Moveable micro 
                                   2021                                   hotel 
           --------------  -------------------  ----------------  --------------------

(1.) Position was written off post receiving nil value from administration

The Directors intend to convene a board meeting in the near future to consider a further return of capital.

For further information please contact:

 
KKV Secured Loan Fund Limited             Brett Miller via the Company 
                                           Secretary 
KKV Investment Management Ltd             Investor.communications@kkvim.com 
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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October 06, 2021 04:34 ET (08:34 GMT)

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