Net Asset Value(s)

SLF Realisation Fund Limited

14 November 2023

 

SLF Realisation Fund Limited

 (the "Company")

LEI: 2138007S3YRY3IUU4W39

Net Asset Valuation ("NAV") Update

SLF Realisation Fund Limited (the "Company") announces the following NAV update.

Ordinary Shares:

As at 30 September 2023, the unaudited estimated NAV was £ 22.5 million or 6.33 pence per Ordinary Share. This compares to £24.7 million or 6.94 pence per Ordinary Share from the 30 June 2023 audited NAV.

Please note, just prior to this announcement, on the weekend of 11 and 12 November 2023, Borrower 6, a French glass manufacturer, was impacted by floods in northern France. The extent of the impact is being assessed but it is likely to impact the timing of payments in the near term.  The Company will continue to pursue full repayment and the impact on carrying value is not expected to be material with the biggest effect expected to be on the timing of the payments,  with current payments likely to be deferred and the maturity date extended out to 2025. The Company continues to work with the borrower and monitor the situation.

C Shares:

As at 30 September 2023, the unaudited estimated NAV was £8.7 million or 6.26 pence per C Share. This compares to £11.5 million or 8.28 pence per C Share from the 30 June 2023 audited NAV.

For further information please contact: 

SLF Realisation Fund Limited	Brett Miller via the Company Secretary
BNP Paribas S.A., Guernsey Branch Company Secretary	01481 750 853
Winterflood Securities Limited Neil Langford	020 3100 0000

 

END