TIDMSSIF

RNS Number : 8464P

Secured Income Fund PLC

21 October 2021

21 October 2021

Secured Income Fund plc

("SSIF" or the "Company")

LEI: 213800TR2S2TT6PKVH57

Portfolio Manager Update

The Board of Secured Income Fund plc (the "Company") announced on 5 July 2021 that the previously advised temporary leave of absence granted by KKV Investment Management Ltd (the "Portfolio Manager") to Dawn Kendall, Chief Investment Officer, had been extended.

The Portfolio Manager has informed the Board that Dawn's leave of absence has been further extended and at this current time it is not clear to the Board if Dawn will be able to return in the near term.

The Company has continued to deliver on the Company's asset realisation programme with a total of GBP 6.8 million having been returned to shareholders since 11 May 2021 (the date of the announcement of Dawn's leave of absence). The Company continues to progress asset disposals opportunities while working with borrowers to maximise recovery and returns, and the Board is of the view that the Company's managed wind-down has not been materially impacted by Dawn's absence.

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         Investor.communications@kkvim.com 
  Catherine Halford Riera 
 finnCap Ltd.                          tel: +44 20 7220 0500 
  Corporate Finance: William Marle 
  Sales: Mark Whitfeld

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END

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October 21, 2021 09:00 ET (13:00 GMT)

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