18th Mar 2016 08:32
LONDON (Alliance News) - Funding Circle SME Income Fund Ltd on Friday said it has reached an advanced stage in talks to participate in a European Investment Bank financing project.
The fund said it is now working towards completing its involvement in the undisclosed project, with plans to close the agreement in the second quarter of 2016.
Funding Circle SME said the agreement will meet its total return target of 8% to 9% per year set out in its prospectus.
Shares in the fund were untraded early Friday, having last traded at 94.00 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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