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Secured Income Fd (SSIF)


Tuesday 04 May, 2021

Secured Income Fd

B Share Scheme

RNS Number : 4825X
Secured Income Fund PLC
04 May 2021

Secured Income Fund Plc

LEI: 213800TR2S2TT6PKVH57

4 May 2021


(the "Company")

B Share Scheme

Pursuant to the authority received from shareholders at the general meeting held on 23 March 2021, the Board has resolved to return £3,686,224 to Shareholders via a second Return of Capital by the issue of B Shares.

B Shares of £1 each will be paid up from capital and issued to all Shareholders by way of a bonus issue pro-rata to their holding of Ordinary Shares on the basis of one B Share for approximately every Fourteen point Two Nine Ordinary Shares held at the Record Date of 6.00 p.m. on 13 May 2021. The B Shares will be issued on 14 May 2021 and immediately redeemed at £1 per B Share. The Redemption Date in respect of this Return of Capital is 14 May 2021. The proceeds from the redemption of the B Shares, which is equivalent to 7.00 pence per Ordinary Share, will be sent to uncertificated Shareholders through CREST or via cheque to certificated Shareholders. The capital being returned represents approximately 10.71 per cent. of the Company's Net Asset Value as at 31 March 2021, being the latest published Net Asset Value.


It is expected that the timetable will be as follows:

Record Date of second Return of Capital

6.00 p.m. on 13 May 2021

Ex date in respect of second Return of Capital

14 May 2021

Redemption Date of second Return of Capital

14 May 2021

Payment date for CREST

21 May 2021

Dispatch of cheques in respect of certificated holders

21 May 2021

All redemption payments will be paid gross of tax.

Following the issue and redemption of B shares on 14 May 2021 the total number of ordinary shares in issue will remain at 52,660,350 and the total number of voting rights in the Company is 52,660,350. There are no shares held in treasury.

The above figure of 52,660,350 may be used by shareholders as the denominator for the calculation by which they may determine if they are required to notify their interest in, or change to their interest in, the Company under the FCA's Disclosure Guidance and Transparency Rules.

For further information please contact:




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



[email protected]  

finnCap Ltd.

Corporate Finance: William Marle / Giles Rolls

Sales: Mark Whitfeld

tel: +44 20 7220 0500




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