Secured Income Fund PLC Management Arrangements (8399X)
10 Janvier 2022 - 8:00AM
UK Regulatory
TIDMSSIF
RNS Number : 8399X
Secured Income Fund PLC
10 January 2022
10 January 2022
Secured Income Fund plc
Management Arrangements
On 20 August 2021, Secured Income Fund plc (the "Company")
announced that it had reached agreement with KKV Investment
Management Ltd (the "KKVIM") for termination of the Investment
Management Agreement between the Company and KKVIM with effect from
31 December 2021.
With effect from 1 January 2022, the Company is now self managed
and has had its application to be a small self managed AIFM
approved by the FCA.
In order to assist the Board with the management of the
portfolio, the Company has, with effect from 1 January 2022,
entered into a consultancy agreement to secure the services of one
of the individuals previously employed by KKVIM and who has the
greatest knowledge of the Company's assets. In addition, Brett
Miller, a director of the Company, highly experienced in this area,
will continue to be directly involved in the managed wind down of
the Company's portfolio.
The Board believes the Company has the necessary resource and
expertise for the realisation of the balance of the portfolio. The
Board will engage specialist consultants where it is considers that
such appointments will assist in maximising returns for, and/or
expediting capital returns to, shareholders.
The Company has a new website which can be found at
www.securedincomefundplc.co.uk
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
finnCap Ltd. tel: +44 20 7220 0500
Corporate Finance: William Marle
Sales: Mark Whitfeld
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