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Secured Income Fund plc (SSIF) ORD GBP0.01

Sell:18.00p Buy:23.00p 0 Change: No change
Market closed Prices as at close on 9 December 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Secured Income Fund plc ORD GBP0.01

Type:
Delisting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 8 Nov 2021)

What is happening?

 

The Board of Secured Income Fund plc has announced proposals to cancel the Company’s Ordinary Shares from trading on the London Stock Exchange. The proposed Delisting of the shares is subject to shareholder approval at a general meeting on 16 December 2021. The last day of trading is expected to be 20 business days following the date on which the Net Asset Value of the Company is less that £7 million, assuming that shareholder approval is granted at the meeting on 16 December 2021.

 

What action do I need to take?


For the delisting to become effective, it must be approved at a General Meeting to be held on 16 December 2021. Under LSE rules, such a withdrawal resolution requires the consent of not less than 75% of votes cast by Shareholders voting on the resolutions at the General Meeting. If you would like to submit a vote for or against the resolution to delist the Shares, please provide us with your voting instruction by noon on 13 December 2021.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:18.00p
Buy:23.00p
Change: No change
Market closed Prices as at close on 9 December 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Secured Income Fund plc ORD GBP0.01

Type:
Delisting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 8 Nov 2021)

What is happening?

 

The Board of Secured Income Fund plc has announced proposals to cancel the Company’s Ordinary Shares from trading on the London Stock Exchange. The proposed Delisting of the shares is subject to shareholder approval at a general meeting on 16 December 2021. The last day of trading is expected to be 20 business days following the date on which the Net Asset Value of the Company is less that £7 million, assuming that shareholder approval is granted at the meeting on 16 December 2021.

 

What action do I need to take?


For the delisting to become effective, it must be approved at a General Meeting to be held on 16 December 2021. Under LSE rules, such a withdrawal resolution requires the consent of not less than 75% of votes cast by Shareholders voting on the resolutions at the General Meeting. If you would like to submit a vote for or against the resolution to delist the Shares, please provide us with your voting instruction by noon on 13 December 2021.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
Sell:18.00p
Buy:23.00p
Change: No change
Market closed Prices as at close on 9 December 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Delisting

Secured Income Fund plc ORD GBP0.01

Type:
Delisting
Shareholder action required:
Yes
Status:
Client deadline
Details (last updated 8 Nov 2021)

What is happening?

 

The Board of Secured Income Fund plc has announced proposals to cancel the Company’s Ordinary Shares from trading on the London Stock Exchange. The proposed Delisting of the shares is subject to shareholder approval at a general meeting on 16 December 2021. The last day of trading is expected to be 20 business days following the date on which the Net Asset Value of the Company is less that £7 million, assuming that shareholder approval is granted at the meeting on 16 December 2021.

 

What action do I need to take?


For the delisting to become effective, it must be approved at a General Meeting to be held on 16 December 2021. Under LSE rules, such a withdrawal resolution requires the consent of not less than 75% of votes cast by Shareholders voting on the resolutions at the General Meeting. If you would like to submit a vote for or against the resolution to delist the Shares, please provide us with your voting instruction by noon on 13 December 2021.

 

Full details of this event will be sent to Qualifying Hargreaves Lansdown clients by either post or secure message. Please note that any instruction you give must be based on the full details provided in the letter/message and not on the summary information outlined above.

×
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.
Open:
20.50p
Trade high:
n/a
Year high:
72.00p
Estimated NAV:
29.93
Previous close:
20.50p
Trade low:
n/a
Year low:
18.00p
Premium/Discount:
-31.51%
Previous:
0.00p (0.00%)
Previous:
0.00p
Volume:
n/a
Dividend yield:
48.36%
Currency:
GBX
Data delayed by at least 15 minutes.

Price

  • Net Asset Value (NAV)
SECURED INC performance chart

Premium/Discount

SECURED INC performance chart
Full interactive share price and premium / discount charts

Performance

Not available for this stock.

Trust Basics

Benchmark: FTSE World TR GBP
Annual management charge: n/a
Performance fee: Yes
Ongoing charge: 2.36%
Dividend yield: 48.36%
Dividend frequency: Monthly
Total assets: £16m
Gross gearing: 100%
Market capitalisation:Market cap.: £11m
Shares in issue: 52.66 million
Legal structure Closed Ended Investment Company
Domicile: United Kingdom
ISIN GB00BYMK5S87

Recent dividends paid or declared by Secured Income Fund plc:

Type Ex-div date Payment date Amount
2nd interim 03/12/2020 23/12/2020 5.00p
1st interim 03/09/2020 25/09/2020 3.50p
12th interim 06/08/2020 28/08/2020 0.583p
11th interim 02/07/2020 24/07/2020 0.583p
10th interim 04/06/2020 26/06/2020 0.583p

This data is provided by Digital Look. HL accepts no responsibility for its accuracy and you should independently check data before making any investment decision.

Full dividend history

Five years' total annual Secured Income Fund plc dividends:

Financial
year end
Dividend
yield
Dividend
cover
Total dividend
paid
30/06/2021 20.00% -2.46 8.50p
30/06/2020 9.20% -0.25 7.00p
30/06/2019 7.60% 0.61 7.00p
30/06/2018 6.90% 0.85 6.30p
30/06/2017 6.50% 0.73 7.05p

All dividend data is calculated excluding any special dividends. Historical dividends may be adjusted to reflect any subsequent rights issues and corporate actions.

Full dividend history

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Important Documents



Objective

The Company will pursue its investment objective by effecting an orderly realisation of its assets in a manner that seeks to achieve a balance between maximising the value received from those assets and making timely returns of capital to Shareholders. This process might include sales of individual assets, mainly structured as loans, or running off the Portfolio in accordance with the existing terms of the assets, or a combination of both. As part of the realisation process, the Company may also exchange existing debt instruments for equity securities where, in the opinion of the Board, the Company is unlikely to be able to otherwise realise such debt instruments or will only be able to realise them at a material discount to the outstanding principal balance of that debt instrument.

NET ASSET VALUE (NAV)

Estimated NAV: 29.93
Latest actual NAV: 31.11
Latest actual NAV date: 30 September 2021
Premium/Discount: -31.51%
12m average Premium/Discount: 3.17%
NAV frequency: Monthly

Recent trade data is unavailable. We will be replacing it, however in the meantime the information is available on the London Stock Exchange website.

Top 10 holdings currently unavailable.

Top 10 sectors currently unavailable.

Top 10 countries currently unavailable.

Key Dates

Launch date: 23 September 2015
Financial year end: June
Next AGM: December 2022
Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Prices provided by NBTrader. Charts provided by Factset. Dividend data provided by Digital Look. Recent trade data provided by MoneyAM. Trust basics, holding data, key dates, objective and NAV provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.