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RNS Number : 0761O

Secured Income Fund PLC

05 October 2021

5 October 2021

Secured Income Fund plc

Review of Material Loan

Secured Income Fund plc (LSE: SSIF) (the "Company"), a specialist secured lending income investment trust, listed in the UK, announces that it is undertaking a review of a loan that had a book value of GBP5,619,975 at 30 June 2021.

The carrying value of the loan had been based upon repayment of the loan at the end of September, which has not yet occurred due to a delay in the borrower obtaining refinancing elsewhere. The review of the loan is expected to result in a substantial increase in provisioning. KKV is working proactively with the borrower to ensure the best possible outcome for shareholders. A further announcement will be made once the review is concluded.

For further information please contact:

 
 
 Directors 
  David Stevenson (Chair)          tel: +44 7973 873 785 
  Susan Gaynor Coley               tel: +44 7977 130 673 
  Brett Miller                     tel: +44 7770 447 338 
 KKV Investment Management Ltd   Investor.communications@kkvim.com 
 finnCap Ltd.                    tel: +44 20 7220 0500 
  Corporate Finance: William 
  Marle 
  Sales: Mark Whitfeld

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October 05, 2021 06:28 ET (10:28 GMT)

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