Inactive Instrument

SME CREDNPV

Equities

FCIF

GG00BKQN9M74

IN BRIEF: SME Credit Realisation Fund sells pool of US loans

December 05, 2022 at 09:22 am EST

SME Credit Realisation Fund Ltd - credit investment - Sells all of its remaining US loans to an unnamed third-party buyer. Expects to receive proceeds consistent with the GBP2.5 million carrying value of the loans. Notes that the sale is subject to an amortising indemnity provision of around GBP400,000, which will restrict the company's ability to fully distribute the proceeds to shareholders for a period of up to 12 months.

"As part of the managed wind-down of its operations, the company continues to explore opportunities for further sales where appropriate," SME Credit Realisation Fund says.

Current stock price: 104.50 pence

12-month change: up 25%

By Sophie Rose, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Latest news about SME CREDNPV

SME Credit votes for voluntary winding up of company	23-03-24	AN
SME Credit Realisation NAV and profit up ahead of planned liquidation	22-12-23	AN
Earnings Flash (SCRF.L) SME CREDIT REALISATION FUND Reports Fiscal H1 EPS GBX21.96	22-12-23	MT
IN BRIEF: SME Credit intends to be placed into liquidation after sale	22-12-12	AN
SMALL-CAP WINNERS & LOSERS: First Class Metals up on exclusivity deal	22-12-12	AN
SME Credit Realisation Fund Rises 7% on Plans to Delist, Liquidate After Loan Portfolio Sale	22-12-12	MT
IN BRIEF: SME Credit Realisation Fund sells pool of US loans	22-12-05	AN
SME Credit Realisation Fund Sells US Loan Portfolio	22-12-05	MT
UK dividends calendar - next 7 days	22-11-24	AN
SME Credit Realisation Fund Limited Announces Change of Registered Office	22-11-24	CI
UK dividends calendar - next 7 days	22-11-23	AN
UK dividends calendar - next 7 days	22-11-22	AN
UK dividends calendar - next 7 days	22-11-21	AN
UK dividends calendar - next 7 days	22-11-18	AN
TRADING UPDATES: IOG loses CEO; AEW UK REIT sees assets fall	22-10-21	AN
SME Credit Realisation Fund Chairman Steps Down, Successor Appointed	22-10-20	MT
SME Credit Realisation Fund Limited Announces Board Changes	22-10-20	CI
SME Credit Realisation Fund Limited Announces Resignation of Sachin Patel as Non-Executive Director	22-09-06	CI
Earnings Flash (SCRF.L) SME CREDIT REALISATION FUND Posts Fiscal H1 EPS GBX7.48	21-12-16	MT
SME Credit Realisation Fund Limited Declares Aggregate Dividend for the Period Ended 30 September 2021	21-12-16	CI
Earnings Flash (SCRF.L) SME CREDIT REALISATION FUND Reports FY21 EPS GBX1.05	21-07-27	MT
SME Credit Realisation Fund Limited Reports Audited Consolidated Earnings Results for the Year Ended March 31, 2021	21-07-27	CI
Tranche Update on SME Credit Realisation Fund Limited's Equity Buyback Plan announced on September 5, 2019.	21-07-27	CI
SME Credit Realisation Fund Limited(LSE:SCRF) dropped from FTSE All-Share Index	21-06-21	CI
SME Credit Realisation Fund Limited Announces Quarterly Dividend, Payable on February 19, 2021	21-01-20	CI

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Company Profile

SME Credit Realisation Fund Limited is a Guernsey-based closed-ended investment company. The Company's investment objective is to realize all assets in its portfolio in a prudent manner to achieve a balance between maximizing the value from the realization of the Company's investments and making timely returns of capital to shareholders. The Company invests in various sectors, such as property and construction, wholesale and retail, manufacturing and engineering, professional and business support, leisure and hospitality, information technology and telecommunications healthcare, automotive, transport and logistics, and other. It operates in the United Kingdom, the United States, Germany, Spain, and the Netherlands. The Company is self-managed by the board of directors.

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