SME Loan Fund PLC (The) Portfolio Update (4119L)
October 03 2016 - 2:00AM
UK Regulatory
TIDMSMEF
RNS Number : 4119L
SME Loan Fund PLC (The)
03 October 2016
The SME Loan Fund plc
("SMEF" or the "Company")
Portfolio Update
3 October 2016
The board of SMEF announces that, on 30 September 2016, the
Company conducted a series of transactions with GLI Finance
Limited. Existing holdings in the loan note of a pharmaceutical
company and a solar energy construction loan were increased, both
carry interest rates of 9%. The Company currently has a 10%
participation in two BMS Finance structures: the UK SARL and Irish
SARL. Exposure to these companies is to be extended up to 20% of
their structure. A reduction in exposure to The Credit Junction
Senior Preferred Shares is taking place to leave exposure at 2.6%
of the Net Asset Value from 3.7%. The net effect of the
transactions is a cash transfer to GLI Finance Limited of
GBP1,553,745.13. The average weighted yield of SMEF's portfolio has
remained broadly unchanged but the credit profile has improved. The
transactions are entirely in keeping with the investment objective
of SMEF, with the aim of providing a low risk exposure to SME
Alternative Finance loan markets.
Enquiries to:
Richard Hills, Chairman c/o Cantor Fitzgerald
Europe
Amberton Asset Management tel: +44 (0)1481 708
Limited 280
Graham Glass, Managing
Director
graham.glass@ambertonam.com
Cantor Fitzgerald Europe tel: +44 (0)20 7894 8229
Sue Inglis / Ben Heatley
www.thesmeloanfund.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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