Management Arrangements

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) Susan Gaynor Coley Brett Miller		tel: [phone] tel: [phone] tel: [phone]
finnCap Ltd. Corporate Finance: William Marle Sales: Mark Whitfeld		tel: [phone]

 

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