KKV Secured Loan Fund Limited Portfolio Manager Update (2199D)
25 Giugno 2021 - 5:50PM
UK Regulatory
TIDMKKVL
RNS Number : 2199D
KKV Secured Loan Fund Limited
25 June 2021
25 June 2021
KKV Secured Loan Fund Limited
("KKVL" or the "Company")
LEI: 2138007S3YRY3IUU4W39
Portfolio Manager Update
The Board of KKVL is aware that, KKV Investment Management
Limited ("KKVIM"), the Company's portfolio manager, is in a dispute
with SQN Capital Management, LLC ("SQN"), in relation to amounts
payable by KKVIM to SQN pursuant to an agreement reached at the
time KKVIM was appointed as the Company's portfolio manager in June
2020 (the "Dispute"). SQN has appointed a Fixed Charge Receiver to
seek to collect amounts it claims are owned to it by KKVIM.
While the Dispute does not concern the Company directly, the
Fixed Charge Receiver has contacted the Company requesting that
payments that would otherwise be made by the Company to KKVIM
pursuant to the investment management agreement, be instead paid to
SQN. KKVIM is challenging the appointment of the Fixed Charge
Receiver.
The Dispute does not impact the ongoing management of the
portfolio or the realisation of the Company's assets, however, the
Company will continue to monitor the situation and any impact it
may have on KKVIM and the Company.
For further information please contact:
KKV Secured Loan Fund Limited Brett Miller via the Company
Secretary
BNP Paribas Securities Services S.C.A.,
Guernsey Branch
Company Secretary 01481 750 853
Winterflood Securities Limited
Neil Langford
Chris Mills 020 3100 0000
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END
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