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%.
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 30th June 2021 as follows;
3.50 pence per Ordinary Share
03 September 2020
04 September 2020
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.
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.
For further information please contact:
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David Stevenson (Chair)
Susan Gaynor Coley
tel: +44 7973 873785
tel: +44 7977 130673
tel: +44 7770 447338
KKV Investment Management Ltd
Catherine Halford Riera
tel: +44 20 7429 2200
Corporate Finance: William Marle / Giles Rolls
Sales: Mark Whitfeld
tel: +44 20 7220 0500