KKV Secured Loan Fund Limited NPV (KKVL)

Sector:

Investment Firms

Index:

FTSE Small Cap

 15.73p
   
  • Change Today:
      0.000p
  • 52 Week High: 27.20
  • 52 Week Low: 13.25
  • Currency: UK Pounds
  • Shares Issued: 355.98m
  • Volume: 0
  • Market Cap: £55.98m
  • 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 15.73p
Change Today 0.000p
% Change 0.00 %
52 Week High 27.20
52 Week Low 13.25
Volume 0
Shares Issued 355.98m
Market Cap £55.98m
RiskGrade 399

KKVL Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
56.49% above the market average56.49% above the market average56.49% above the market average56.49% above the market average56.49% above the market average
44.88% above the sector average44.88% above the sector average44.88% above the sector average44.88% above the sector average44.88% above the sector average
Price Trend
89.4% below the market average89.4% below the market average89.4% below the market average89.4% below the market average89.4% below the market average
99.44% below the sector average99.44% below the sector average99.44% below the sector average99.44% below the sector average99.44% below the sector average
Income
5.99% above the market average5.99% above the market average5.99% above the market average5.99% above the market average5.99% above the market average
10.50% above the sector average10.50% above the sector average10.50% above the sector average10.50% above the sector average10.50% above the sector average
Growth
20.96% below the market average20.96% below the market average20.96% below the market average20.96% below the market average20.96% below the market average
5.49% below the sector average5.49% below the sector average5.49% below the sector average5.49% below the sector average5.49% below the sector average

KKVL Dividends

  Latest Previous
  Special 7th Interim
Ex-Div 19-Jul-21 05-Mar-20
Paid 29-Jul-21 27-Mar-20
Amount 3.00p 0.60p

Trades for --2021

Time Volume / Share Price
0 @ 0.000p

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