It is very unfortunate that the situation arose with an unclear message regarding amortization from the SCFI fund.
What is written in July's monthly letter is that the amortization depends on: "Given the receipt of agreed amortization…”.
Unfortunately, all amortizations tend to be delayed, sometimes by a week or so and sometimes longer than that, which has now happened.
Against this background, in the interim report and the latest monthly newsletter, we chose to adopt the precautionary principle so that everyone gets an accurate picture of the amortization, that is to say:With the maturity structure found in the portfolio, a repayment is expected to take place during the end of Q4 or the beginning of 2025."
