SECD INCO THE COMPANIES ACT 2006
________________________________________
PUBLIC COMPANY LIMITED BY SHARES
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ARTICLES OF ASSOCIATION
of
SECURED INCOME FUND PLC
(Adopted by special resolution on [] March 2021)
LONLIVE21680500.5
LONLIVE21680500.5
Contents
Page
EXCLUSION OF REGULATIONS ..................................................................................... 1
DEFINITIONS ............................................................................................................. 1
FORM OF RESOLUTIONS .............................................................................................. 6
LIABILITY OF MEMBERS .............................................................................................. 6
PROHIBITION ON FINANCIAL ASSISTANCE .................................................................... 6
FURTHER ISSUES AND RIGHTS ATTACHING TO SHARES ON ISSUE ................................... 7
REDEEMABLE SHARES ................................................................................................ 7
PAYMENT OF COMMISSIONS ........................................................................................ 7
TRUSTS NOT RECOGNISED .......................................................................................... 7
SHARE RIGHTS .......................................................................................................... 7
CERTIFICATES .......................................................................................................... 14
VARIATION OF RIGHTS .............................................................................................. 16
ALTERATION OF CAPITAL ........................................................................................... 17
CALLS ON SHARES .................................................................................................... 18
FORFEITURE ............................................................................................................. 19
LIEN ........................................................................................................................ 21
TRANSFER OF SHARES ............................................................................................... 21
TRANSMISSION OF SHARES ....................................................................................... 24
UNTRACED SHAREHOLDERS ....................................................................................... 25
DISCLOSURE OF INTERESTS ....................................................................................... 26
GENERAL MEETINGS .................................................................................................. 29
AMENDMENTS TO RESOLUTIONS ................................................................................. 31
PROCEEDINGS AT GENERAL MEETINGS ........................................................................ 31
POLLS ..................................................................................................................... 33
VOTING ................................................................................................................... 35
PROXIES .................................................................................................................. 36
DIRECTORS .............................................................................................................. 39
ALTERNATE DIRECTORS ............................................................................................. 40
DIRECTORS' REMUNERATION, EXPENSES, GRATUITIES AND BENEFITS ............................. 40
TERMINATION OF A DIRECTOR'S APPOINTMENT ............................................................ 41
DIRECTORS' INTERESTS ............................................................................................ 42
POWERS OF THE BOARD ............................................................................................ 44
BORROWING POWERS AND RESTRICTIONS .................................................................. 45
EXERCISE OF VOTING POWER ..................................................................................... 45
NET ASSET VALUE ..................................................................................................... 45
INFORMATION MADE AVAILABLE TO MEMBERS .............................................................. 45
VALUATION .............................................................................................................. 46
LIABILITY FOR LOSS OF FINANCIAL ASSETS HELD IN CUSTODY ...................................... 46
RETIREMENT AND APPOINTMENT OF DIRECTORS .......................................................... 46
REMOVAL OF DIRECTORS ........................................................................................... 47
EXECUTIVE DIRECTORS ............................................................................................. 47
PROCEEDINGS OF THE BOARD .................................................................................... 48
MINUTES AND RECORDS ............................................................................................ 51
APPOINTMENT OF SECRETARY .................................................................................... 51
THE SEAL ................................................................................................................. 51
RESERVES ................................................................................................................ 52
DIVIDENDS .............................................................................................................. 52
SCRIP DIVIDENDS ..................................................................................................... 55
CAPITALISATION OF RESERVES .................................................................................. 56
NOTICES AND OTHER COMMUNICATIONS ..................................................................... 57
RECORD DATE .......................................................................................................... 61
INSPECTION OF ACCOUNTS ........................................................................................ 61
WINDING UP ............................................................................................................ 62
INDEMNITY .............................................................................................................. 62
CHANGE OF NAME ..................................................................................................... 63
[ARTICLE DELETED] .................................................................................................. 63
DURATION OF THE COMPANY ...................................................................................... 63
US TAX MATTERS ...................................................................................................... 63
RIGHTS AND RESTRICTIONS ATTACHING TO THE B SHARES ........................................... 65
Articles of Association
of
Secured Income Fund plc
(Adopted by special resolution on [] March 2021)
EXCLUSION OF REGULATIONS
1
No regulations including, without limitation, any model articles, set out in any statute, or in any statutory instrument or other subordinate legislation made under any statute, concerning companies shall apply as the regulations or articles of the Company.
DEFINITIONS
2
2.1
In these Articles the words in the first column of the table next hereinafter contained shall, if not inconsistent with the subject or context, bear the meanings set opposite to them respectively in the second column thereof:
the 2006 Act address
the Companies Act 2006
includes a number or address (including, in the case of any Uncertificated Proxy Instruction pursuant to Article 111.5, an identification number of a participant in the Relevant Electronic System concerned) used for the purposes of sending notices, documents or other information by electronic means
Articles
these Articles of Association as originally adopted or as from time to time altered
Auditors
Benefit Plan Investor
the auditors for the time being of the Company "benefit plan investors" (as defined in Section 3(42) of ERISA and any regulations promulgated thereunder), including without limitation:
(a) any "employee benefit plan" as defined in Section 3(3) of ERISA that is subject to the provisions of Part 4 of Title I of ERISA;
(b) a "plan" as defined in and subject to Section 4975 of the US Code, including an individual retirement account or other arrangement that is subject to Section 4975 of the US Code; and
(c) an entity which is deemed to hold the assets of any of the foregoing types of plans, accounts or arrangements by reason
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Secured Income Fund plc published this content on 26 February 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 February 2021 11:20:04 UTC.
