SLF Realisation Fund Limited NPV (SLFR)

Sector:

Investment Firms

Index:

FTSE Fledgling

 1.70p
   
  • Change Today:
      0.000p
  • 52 Week High: 7.90
  • 52 Week Low: 1.50
  • Currency: UK Pounds
  • Shares Issued: 355.98m
  • Volume: 1,051
  • Market Cap: £6.06m

KKV Secured Loan shares jump on loan repayment

By Sean Farrell

Date: Thursday 18 Feb 2021

LONDON (ShareCast) - (Sharecast News) - KKV Secured Loan Fund shares surged by more than 25% after the investment trust said a borrower repaid $24.3m (£17.5m) allowing a return of capital to shareholders.
The fund, which lends to small and medium enterprises, said its portfolio manager had been in talks with the borrower, a US reinsurer, for several months about a repurchase of debt.

The $24.3m net proceeds are 60% of the outstanding principal and will contribute about 4.91p to net asset value per share based on the last published NAV of 36.19p in June.

KKV said the settlement would allow the repayment of a loan between the ordinary share class, where the investments were held, and the C share class allowing cash repayments sooner than expected from the ordinary share portfolio. The fund's shares surged 26% to 19.6p at 09:46 GMT.

"A meeting of the board of directors is scheduled to take place next week where consideration will be given to determining an amount of capital to be returned to both the ordinary share class and the C share class," KKV said. "We are pleased to be able to conclude this complex transaction to the benefit of shareholders."



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SLFR Market Data

Currency UK Pounds
Share Price 1.70p
Change Today 0.000p
% Change 0.00 %
52 Week High 7.90
52 Week Low 1.50
Volume 1,051
Shares Issued 355.98m
Market Cap £6.06m

SLFR Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
64.46% above the market average64.46% above the market average64.46% above the market average64.46% above the market average64.46% above the market average
63.51% above the sector average63.51% above the sector average63.51% above the sector average63.51% above the sector average63.51% above the sector average
Price Trend
89.14% below the market average89.14% below the market average89.14% below the market average89.14% below the market average89.14% below the market average
96.4% below the sector average96.4% below the sector average96.4% below the sector average96.4% below the sector average96.4% below the sector average
Income Not Available
Growth
68.23% below the market average68.23% below the market average68.23% below the market average68.23% below the market average68.23% below the market average
60.4% below the sector average60.4% below the sector average60.4% below the sector average60.4% below the sector average60.4% below the sector average

SLFR Dividends

  Latest Previous
  Special Special
Ex-Div 09-Aug-23 18-Apr-23
Paid 21-Aug-23 28-Apr-23
Amount 1.00p 3.50p

Trades for 28-Mar-2024

Time Volume / Share Price
11:59 1,051 @ 1.50p

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