Overview
SLF Realisation Fund (formerly KKV Secured Loan Fund : KKVX and before that SQN Asset Finance Income Fund Limited) is the only diversified equipment leasing and asset finance investment company traded on the London Stock Exchange. The Fund’s objective was to generate regular income for investor through collateralised investments in business-essential equipment and hard assets and in asset-and-equipment-based project financing. The C shares are a separate class of shares relating to a specific pool of assets. C shareholders voted to wind up their part of the company in July 2020 and the name was changed shortly thereafter.
News
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20 Jul 2023 2 min read
QuotedData’s morning briefing 20 July 2023
In QuotedData’s morning briefing 20 July 2023: Bellevue Healthcare (BBH) is operating an annual redemption facility as usual this year. However, to be eligible to take part in November/December, you must be holding shares at 2 September 2023. This is to give the company the chance to get the paperwork done for what it fears […]
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07 Oct 2021 1 min read
QuotedData’s morning briefing 7 October 2021
In QuotedData’s morning briefing 7 October 2021: JZ Capital Partners has agreed with its existing senior lenders to borrow a further amount of $16.0m under its senior secured debt facility. This is a ‘first out loan’ which means it gets repaid first as the company frees up cash from its portfolio. The interest rate is […]
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20 Aug 2021 2 min read
QuotedData’s morning briefing 20 August 2021
In QuotedData’s morning briefing 20 August 2021: EP Global Opportunities (EPG) has announced its interim results for the half-year ended 30 June 2021. At the half-year end, EPG’s NAV was 314.6p, an increase of 2.0% from the 31 December 2020 NAV of 308.4p. After taking account of the final dividend of 6.0p per share that was paid […]
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19 Aug 2021 1 min read
QuotedData’s morning briefing 19 August 2021
In QuotedData’s morning briefing 19 August 2021: Custodian REIT has paid £1.9m to buy a 29,676 sq ft industrial unit on Wester Gourdie Industrial Estate, Dundee, adjacent to the A90. The unit is occupied by Menzies Distribution Limited with an unexpired term to first break or expiry of 5.2 years. The unit has a passing rent of £117,500 […]
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10 Aug 2021 2 min read
QuotedData’s morning briefing 10 August 2021
In QuotedData’s morning briefing 10 August 2021: Literacy Capital (BOOK) says that Butternut Box, a business providing healthy, fresh dog food on a subscription to dog owners’ doors, has finalised a funding round to raise further equity to support the continued growth of the business. As at 30 June 2021, Butternut Box was Literacy Capital’s 3rd largest […]
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05 Aug 2021 2 min read
QuotedData’s morning briefing 5 August 2021
In QuotedData’s morning briefing 5 August 2021: JPEL Private Equity is returning $85m to investors – using cash it had on its balance sheet and the proceeds of its sale of Swania International. Effectively, this will mean the compulsory redemption of about 42.5m JPEL shares, about 51.5% of the company. The redemption price is based on […]
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07 Jul 2021 2 min read
QuotedData’s morning briefing 7 July 2021
In QuotedData’s morning briefing 7 July 2021 – KKV Secured Loan (KKVL) is to return £10.6m to ordinary shareholders and £9.7m to C shareholders. This return of capital will be effected by way of an issue of redeemable B and D shares to existing shareholders. FastForward Innovations (FFWD) topped up its investment in South West Brands with […]
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27 Jan 2021 3 min read
KKV Secured Loan says the most challenging period may still be ahead for its borrowers
The direct lending sector fund, KKV Secured Loan (KKVL), formerly SQN Asset Finance Income), reported its annual results for the year-ending period to 30 June 2020. In NAV total return terms, the ordinary shares delivered -56.1% and the C shares -25.0%. The period-ending discounts for the ordinary and C shares were 11.9% and 16.4%. We […]
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01 Oct 2020 2 min read
QuotedData’s morning briefing 1 October 2020
In QuotedData’s morning briefing 1 October 2020: Octopus Renewables Infrastructure Trust is buying four solar PV sites in Andalucia, which are expected to be ready to build by January 2023. The assets will have a total installed capacity of 175MWp and are expected to become operational in early 2024. The company is not taking any development risk […]
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17 Jul 2020 2 min read
QuotedData’s morning briefing 17 July 2020
In QuotedData’s morning briefing 17 July 2020: BMO Private Equity Trust has announced the appointment of Nplus1 Singer Advisory LLP as its sole corporate broker, with immediate effect. Tetragon Financial Group (TFG) will be hosting a conference call for investors on Friday, 31 July 2020 at 15:00 BST / 10:00 EDST. The call is to […]
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08 Jul 2020 3 min read
SQN Asset Finance Income’s manager says sustainable dividend unlikely to be re-established in the near future
Leasing sector company, SQN Asset Finance Income (SQN), has released a detailed investment update from its manager, KKV Investment Management (KKV). KKV took on responsibility for the portfolio in June.The update covers SQN’s ordinary and C share classes. ‘Sustainable dividend unlikely to be re-established in the near future’ Some of the high-level highlights made in the report, […]
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16 Jun 2020 2 min read
SQN Asset Finance sets out plan for future
SQN Asset Finance sets out plan for future – On 30 April 2020, SQN Asset Finance Income announced that it would bring forward the triennial continuation vote from November 2020 and propose separate continuation resolutions for each share class. Here comes the detail. Summary of the Proposals (a) Proposed Ordinary Class Continuation Vote If the Ordinary […]
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08 Jun 2020 1 min read
QuotedData’s morning briefing 8 June 2020
As per the announcement made on 30 April, the board of SQN Asset Finance Income (SQN) has announced the appointment of KKV Investment Management (KKV) as portfolio manager of the company and the appointment of International Fund Management as the company’s AIFM. KKV is a newly formed investment management company, majority owned by Kvika Securities, the […]
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13 Feb 2020 1 min read
Plenty of interest in taking on SQN
Plenty of interest in taking on SQN – SQN Asset Finance Income’s board says that a large number investment managers have indicated an interest in taking on the management of the company. The board is asking for more information from those managers it feels could be suitable. Initial meetings with these managers are expected to take […]
