UK Mortgages Ltd Investor Update

 
TIDMUKML 
 
UK Mortgages Ltd: Investor Update 
 
THE INFORMATION IN THIS ANNOUNCEMENT IS RESTRICTED AND IS NOT FOR PUBLICATION, 
RELEASE OR DISTRIBUTION DIRECTLY OR INDIRECTLY IN OR INTO OR FROM THE UNITED 
STATES, CANADA, AUSTRALIA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF 
IRELAND OR JAPAN. 
 
23rd August 2021 
 
                             UK MORTGAGES LIMITED 
 (a closed-ended investment company incorporated in Guernsey with registration 
                                 number 60440) 
 
                           LEI 549300388LT7VTHCIT59 
 
Investor Update 
 
The UK Mortgages Ltd Portfolio Management team have published a brief Investor 
Update presentation where Rob Ford, Portfolio Manager, presents a review of the 
Company's achievements so far in 2021 and an updated outlook for the rest of 
the year and into the future. 
 
In particular the presentation covers the successful completion of all of the 
company objectives set at the end of last year, notably: 
 
  * The successful Keystone securitisation (Hops Hill No.1) and the encouraging 
    pace of growth to date in the second Keystone portfolio 
  * The agreement and completion of the sales of the two Coventry portfolios 
    and the resultant share tenders 
  * The impact these have had on the NAV and the positive outlook for future 
    NAV growth 
  * The subsequent reduction of the dividend financing requirement alongside a 
    growing level of dividend coverage 
  * Future milestones, and refinancings and further income and growth potential 
 
The presentation can be found at the following link on the UK Mortgages Ltd/ 
TwentyFour Asset Management website. [https://www.twentyfouram.com/insights/ 
uk-mortgages-limited-update-23-august-2021] 
 
For more information please contact s.murphy@numis.com or 
sales@twentyfouram.com 
 
Important notice 
 
This announcement has been prepared for information purposes only, it is not a 
prospectus. 
 
The distribution of this announcement in certain jurisdictions may be 
restricted by law. Persons into whose possession this announcement comes are 
required by the UKML, TwentyFour and Numis to inform themselves about, and to 
observe, such restrictions. 
 
Recipients of this announcement who are considering acquiring New Shares in 
UKML are reminded that any such acquisition must be made only on the basis of 
the information contained in the Prospectus and any supplementary prospectus 
(es) thereto which may be different from the information contained in this 
announcement.  This announcement does not constitute or form part of and may 
not be construed as an offer to sell, or an invitation to purchase, investments 
of any description, nor as a recommendation regarding the possible offering or 
the provision of investment advice by any party.  No information in this 
announcement should be construed as providing financial, investment or other 
professional advice and each prospective investor should consult its own legal, 
business, tax and other advisers in evaluating any investment opportunity.  In 
particular, an investment in UKML involves a high degree of risk and 
prospective investors should read the section in the Prospectus entitled "Risk 
Factors" for further information. 
 
 
 
END

(END) Dow Jones Newswires

August 23, 2021 04:21 ET (08:21 GMT)

Uk Mortgages (LSE:UKML)
Historical Stock Chart
From Aug 2024 to Sep 2024