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FCIF talks over project with EIB 'at advanced stage'

18 March 2016 09:47

Funding Circle SME Income Fund says talks over its possible participation in a financing project with the European Investment Bank have reached an advance stage and the company is working towards completion in the second quarter.

The directors are of the view that the arrangements, if successfully completed, will assist the company in achieving the total return target specified in the prospectus of 8-9% per annum once leverage is in place in accordance with its stated investment policy.

The company says there can be no assurance that the arrangements under negotiation, or any arrangements at all, will be completed with the European Investment Bank and a further announcement will be made if and when the intended transaction has closed.

At 9:47am: (LON:FCIF) Funding Circle Sme Income Fund Limited Ord Npv share price was +0.26p at 92.13p

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