KKV Secured Loan Fund Limited Update on Assets (5397H)

TIDMKKVL

RNS Number : 5397H

KKV Secured Loan Fund Limited

04 August 2021

4 August 2021

KKV Secured Loan Fund Limited

(the "Company")

LEI: 2138007S3YRY3IUU4W39

Update on Assets

The Board of the Company is pleased to announce that a further loan underwritten by the Company, which is held solely within the C Share class portfolio, has been refinanced with another provider. The loan has been refinanced for consideration of GBP16.82m, being the total amount outstanding under the loan. The Company will also receive an early repayment premium of an estimated GBP0.7 to GBP0.8m, which, due to the original opening structure of the transaction, will be received next year. As at 31 December 2020, the loan had a carrying value of GBP17.53m and was marked as Borrower 41 in the December 2020 Half-Yearly Report and Accounts. The lower consideration received compared to the carrying value reflects the amortisation of principal during the intervening period.

In addition, the Board of the Company is pleased to announce the disposal of the Company's interest in a loan, which was held solely within the Ordinary Share class portfolio, for a consideration of US$1.00m. As at 31 December 2020, the loan had a carrying value of zero and was marked as Borrower 16 in the December 2020 Half-Yearly Report and Accounts.

The Directors intend to convene a board meeting in the near future to consider a further return of capital.

The information contained within this Announcement is deemed by the Company to constitute inside information as stipulated under the UK version of the Market Abuse Regulation (Regulation 596/2014/EU), as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018.

For further information please contact:

 
KKV Secured Loan Fund Limited             Brett Miller via the Company 
                                           Secretary 
KKV Investment Management Ltd              Investor.communications@kkvim.com 
 Catherine Halford Riera 
BNP Paribas Securities Services S.C.A., 
 Guernsey Branch 
 Company Secretary                        01481 750 853 
Winterflood Securities Limited 
 Neil Langford 
 Chris Mills                              020 3100 0000

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