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FCIF raises £142m via placing

07 April 2017 14:05

Funding Circle SME Income Fund (FCIF) has confirmed that it raised £142m through the successful placing of 142,000,000 C Shares.

Richard Boleeat, Chairman of FCIF, commented:

"We are delighted with the very positive response to this Issue, which will almost double the size of the Company to in excess of £300million. This success is a strong endorsement of the Company's performance to date, where we continue to achieve stable returns for our shareholders. We are excited to make further loans to small businesses in the UK, US and Continental Europe on behalf of new and existing investors."

At 2:05pm: (LON:FCIF) Funding Circle SME Income Fund Ltd share price was +0.51p at 103.38p

Story provided by StockMarketWire.com

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