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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 27 October 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Return of Capital

Secured Income Fund plc ORD GBP0.01

Type:
Return of Capital
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 9 Mar 2021)

What is happening?

 

The Company wants to return £5,266,035 to shareholders. To do this the Company is proposing a Return of Capital to Shareholders via a Bonus Issue of B Shares. Shareholders at the close of business on 23 March 2021 will be entitled to receive 1 B Share in addition to every 10 ordinary Shares held. The B Shares will be immediately redeemed at £1.00 per B Share, and will not be issued to shareholders.

 

You can vote


The return of capital is subject to Shareholder approval at a meeting being held on Tuesday 23 March 2021.


If you wish to vote you’ll need to do this by noon on Thursday 18 March 2021 so we can pass your vote onto the company before the shareholder meetings.

 

If it’s approved, all shareholders on record at close of business on the 23 March 2021 will receive the cash irrespective of if or how they voted. The cash proceeds are expected to be paid on or shortly after 31 March 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 and not on the summary information outlined above.

 

 

×
Sell:18.00p
Buy:23.00p
Change: No change
Market closed Prices as at close on 27 October 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Return of Capital

Secured Income Fund plc ORD GBP0.01

Type:
Return of Capital
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 9 Mar 2021)

What is happening?

 

The Company wants to return £5,266,035 to shareholders. To do this the Company is proposing a Return of Capital to Shareholders via a Bonus Issue of B Shares. Shareholders at the close of business on 23 March 2021 will be entitled to receive 1 B Share in addition to every 10 ordinary Shares held. The B Shares will be immediately redeemed at £1.00 per B Share, and will not be issued to shareholders.

 

You can vote


The return of capital is subject to Shareholder approval at a meeting being held on Tuesday 23 March 2021.


If you wish to vote you’ll need to do this by noon on Thursday 18 March 2021 so we can pass your vote onto the company before the shareholder meetings.

 

If it’s approved, all shareholders on record at close of business on the 23 March 2021 will receive the cash irrespective of if or how they voted. The cash proceeds are expected to be paid on or shortly after 31 March 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 and not on the summary information outlined above.

 

 

×
Sell:18.00p
Buy:23.00p
Change: No change
Market closed Prices as at close on 27 October 2021 Prices delayed by at least 15 minutes | Switch to live prices |
Return of Capital

Secured Income Fund plc ORD GBP0.01

Type:
Return of Capital
Shareholder action required:
Yes
Status:
Update Pending
Details (last updated 9 Mar 2021)

What is happening?

 

The Company wants to return £5,266,035 to shareholders. To do this the Company is proposing a Return of Capital to Shareholders via a Bonus Issue of B Shares. Shareholders at the close of business on 23 March 2021 will be entitled to receive 1 B Share in addition to every 10 ordinary Shares held. The B Shares will be immediately redeemed at £1.00 per B Share, and will not be issued to shareholders.

 

You can vote


The return of capital is subject to Shareholder approval at a meeting being held on Tuesday 23 March 2021.


If you wish to vote you’ll need to do this by noon on Thursday 18 March 2021 so we can pass your vote onto the company before the shareholder meetings.

 

If it’s approved, all shareholders on record at close of business on the 23 March 2021 will receive the cash irrespective of if or how they voted. The cash proceeds are expected to be paid on or shortly after 31 March 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 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.

Business summary

Secured Income Fund PLC, formerly SQN Secured Income Fund plc, is a United Kingdom-based closed-ended investment company. The Company focuses to provide shareholders with risk-adjusted returns through investment in a range of small and medium-sized enterprises (SME) loan assets and secured lending opportunities, diversified by way of asset class, geography and structure. Its investments are secured by liquid and semi-liquid assets, including receivables, real property, income streams, tax credits, guarantees, buy-back agreements, insurance policies, performance bonds, loan portfolios, and pools of financial assets and structured products. The Company’s investment manager is KKV Investment Management Ltd.

Important dates

Future events
There are no future events available.
Past events
Final results 21 October 2021 21/10/21
Interim results 24 March 2021 24/03/21
General meeting 23 March 2021 23/03/21
Interim dividend payment date 23 December 2020 23/12/20
AGM 16 December 2020 16/12/20
Interim ex-dividend date 03 December 2020 03/12/20

General stock information

EPIC:
SSIF
ISIN:
GB00BYMK5S87
Market cap:
£10.80 million
Shares in issue:
52.66 million
Sector:
No specific Industry
Exchange:
London Stock Exchange
Currency:
Sterling pence
Indices:
n/a

Contact details

Address:
Level 13
The Broadgate Tower, 20 Primrose Street
LONDON
EC2A 2EW
United Kingdom
Telephone:
+44 (020) 73294422
Website:
https://kkvim.com/secured-income-fund/

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. Business summary, contact details and key personnel provided by Thomson Reuters. Important dates provided by Digital Look Ltd. General stock information provided by NBTrader.

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'.