Source - LSE Regulatory
RNS Number : 2216D
Secured Income Fund PLC
25 June 2021
 

 

25 June 2021

 

Secured Income Fund plc

("SSIF" or the "Company")

 

LEI: 213800TR2S2TT6PKVH57

 

 

Portfolio Manager Update

 

 

 

The Board of SSIF is aware that KKV Investment Management Limited ("KKVIM"), the Company's portfolio manager, is in a dispute with SQN Capital Management, LLC ("SQN"), in relation to amounts payable by KKVIM to SQN pursuant to an agreement reached at the time KKVIM was appointed as the Company's portfolio manager in June 2020 (the "Dispute"). SQN has appointed a Fixed Charge Receiver to seek to collect amounts it claims are owned to it by KKVIM.

 

While the Dispute does not concern the Company directly, the Fixed Charge Receiver has contacted the Company requesting that payments that would otherwise be made by the Company to KKVIM pursuant to the investment management agreement, be instead paid to SQN. KKVIM is challenging the appointment of the Fixed Charge Receiver.

 

The Dispute does not impact the ongoing management of the portfolio or the realisation of the Company's assets, however, the Company will continue to monitor the situation and any impact it may have on KKVIM and the Company.

 

For further information please contact:

 


 

Directors

David Stevenson (Chair)

Susan Gaynor Coley

Brett Miller

 

 

 

tel: +44 7973 873785

tel: +44 7977 130673

tel: +44 7770 447338

 

 

KKV Investment Management Ltd

Catherine Halford Riera

 

 

Investor.communications@kkvim.com 

finnCap Ltd.

Corporate Finance: William Marle

Sales: Mark Whitfeld

tel: +44 20 7220 0500

 

 

 

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