KKV Secured Loan Fund Limited NPV (KKVL)

Sector:

Investment Firms

Index:

FTSE Small Cap

17.23p
   
  • Change Today:
    -0.23p
  • 52 Week High: 34.20
  • 52 Week Low: 13.25
  • Currency: UK Pounds
  • Shares Issued: 355.98m
  • Volume: 210,039
  • Market Cap: £61.32m
  • RiskGrade: 399

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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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

KKVL Market Data

Currency UK Pounds
Share Price 17.23p
Change Today -0.23p
% Change -1.29 %
52 Week High 34.20
52 Week Low 13.25
Volume 210,039
Shares Issued 355.98m
Market Cap £61.32m
RiskGrade 399

KKVL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.88% above the market average55.88% above the market average55.88% above the market average55.88% above the market average55.88% above the market average
41.34% above the sector average41.34% above the sector average41.34% above the sector average41.34% above the sector average41.34% above the sector average
Price Trend
82.55% below the market average82.55% below the market average82.55% below the market average82.55% below the market average82.55% below the market average
91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average91.67% below the sector average
Income
5.30% above the market average5.30% above the market average5.30% above the market average5.30% above the market average5.30% above the market average
6.16% above the sector average6.16% above the sector average6.16% above the sector average6.16% above the sector average6.16% above the sector average
Growth
23.07% below the market average23.07% below the market average23.07% below the market average23.07% below the market average23.07% below the market average
6.95% below the sector average6.95% below the sector average6.95% below the sector average6.95% below the sector average6.95% below the sector average

KKVL Dividends

  Latest Previous
  7th Interim 6th Interim
Ex-Div 05-Mar-20 06-Feb-20
Paid 27-Mar-20 28-Feb-20
Amount 0.60p 0.60p

Trades for 23-Jun-2021

Time Volume / Share Price
16:29 422 @ 16.85p
16:29 200 @ 17.70p
16:29 593 @ 16.85p
15:06 160,173 @ 17.03p
15:50 25,678 @ 17.10p

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