Title: VPC_PRIIP_KID_ISIN GB00BVG6X439_ENG_30.09.2024 - modified v2.xlsx URL Source: https://doc.morningstar.com/document/478a07efe034b7b65c57ffd305eea8ad.msdoc/?clientid=ajbell&key=805803a4ca9fc338 Markdown Content: > KID document # Product: VPC Specialty Lending Investments PLC - ordinary shares Manufacturer: VPC Specialty Lending Investments PLC (the "Company") Risk Indicator: Lower risk Higher risk What are the risks and what could I get in return? What is this product? The summary risk indicator is a guide to the level of risk of this product compared to other products. It shows how likely it is that the product will lose money because of movements in the markets or because we are not able to pay you. law to help you understand the nature, risks, costs, potential gains and losses of this product and to help you compare it with other products. Revision date: 30th September 2024 Type: The Company is a closed-ended investment company incorporated in England and Wales. The product consists of ordinary shares of nominal value £0.01 each in the capital of the Company that are listed on the closed-ended investment funds category of the Financial Conduct Authority and to trading on the London Stock Exchange plc’s Main Market for listed securities (premium segment). The shares can be bought and sold via markets. Typically, the price you pay for a share will be higher than the price at which you could sell it at the same time. Objectives: The Company's investment objective is to conduct an orderly realisation of the assets of the Company, to be effected in a manner that seeks to achieve a balance between returning cash to Shareholders promptly and maximising value. This product does not have a maturity date. Given the illiquid nature of the Company’s investments, it is very difficult to provide any certainty on the timeframe for realisation. The Board is aware that Shareholders will expect some guidance on the expected timeframe, although Shareholders should place only limited reliance on this information. The Company expects that a substantial proportion of the portfolio is realised within three to five years. The Board will regularly communicate the expected timing of distributions as the portfolio is realised. Intended retail investors: The ordinary shares are admitted to trading on the Main Market of the London Stock Exchange and are intended therefore for investors who understand and are willing to assume the risks of losing some or all of the value of their investment. Caution: You are about to purchase a product that is not simple and may be difficult to understand. ISIN: GB00BVG6X439 Competent Authority of the PRIIP Manufacturer in Relation to the KID: The Company is admitted to trading on the Main Market of the London Stock Exchange and subject to the Prospectus Rules, Listing Rules and Disclosure Guidance and Transparency Rules of the Financial Conduct Authority Contact: You can speak to your advisor or you can contact us at the address shown at http://vpcspecialtylending.com or you can contact Link Asset Services at +44 (0) 871 664 0300. If you are outside the United Kingdom, please call +44 371 664 0300. Calls cost 12p per minute plus your phone company’s access charge. Calls outside the United Kingdom will be charged at the applicable international rate. We are open between 09:00 – 17:30, Monday to Friday excluding public holidays in England and Wales. # Key Information Document Purpose: This document provides you with key information about this investment product. It is not marketing material. The information is required by The risk indicator assumes you keep the product for 5 years. The actual risk can vary significantly if you cash in at the early stage and you may get back less. We have classified this product as 4 out of 7, which is a medium-high risk class. This rates the potential losses from future performance at a medium-high level, and poor market conditions will likely impact the capability of the Company to pay out. This product does not include any protection from future market performance so you could lose some or all of your investment. # 1 2 3 4 5 6 7VPC Specialty Lending Investments PLC - ordinary shares 1/3 KID document Investment performance information: Costs over time: Composition of costs: Incidental costs Performance fees 0.00% The payment of any performance fees to the investment manager will be conditional on the Company achieving at least a 5.0% per annum total return for shareholders relative to a High Water Mark. The performance fees are paid by the Company out of the proceeds from the underlying assets of the Company. 0.00% The impact of the costs when exiting your investment. Ongoing costs Portfolio transaction costs Other ongoing costs 0.00% The assets of the Company will be realised in an orderly manner, returning cash to Shareholders at such times and in such a manner as the Board may, in its absolute discretion, determine. The Board will endeavour to realise all of the Company's investments in a manner that achieves a balance between maximising the net value received from those investments and making timely returns to Shareholders. What could affect my return positively? What could affect my return negatively? The realisation process may enable Shareholders to realise the value of their investment at a price over a period of time which should be closer to NAV than that which they may have received by trading their Shares prior to the decision to change the investment policy given the discount to NAV per Share at which the Shares have traded. Performance and the timing of the distributions made by the company could be supported further by a positive macro-economic environment and buoyant financial markets. More benefits of the change in investment policy can be found in the Notice of General Meeting posted on the Company's website. There is no guarantee that the change to the Company’s investment objective and policy will provide the returns or realise the capital sought by Shareholders. As a result of the portfolio realisation, the number of investments held by the Company will reduce over time and, as a consequence, the aggregate return on the remaining portfolio will become increasingly exposed to the performance of the remaining individual investments. This could have the effect of making performance more volatile. Negative returns could be caused or significanlty impacted by market volatility, changing interest rate environment, or economic uncertainty. More risk factors can be found in the Notice of General Meeting posted on the Company's website. Under severely adverse market conditions, there is a risk that the capital value of an investment in the Company’s shares could reduce significantly, potentially down to zero. You may sell your shares at any time on the London Stock Exchange using your broker. Your shares are sold to another buyer in the market without recourse to the Company. If the Company goes into liquidation the investments will be sold and you will receive your pro rata share of the proceeds after settlement of any liabilities. As a shareholder of the Company you would not be able to make a claim to the Financial Services Compensation Scheme about the Company in the event that the Company is unable to pay out. What are the costs? What happens if the Company is unable to pay out? All portfolio transaction costs are paid by the Company out of the proceeds from the underlying assets of the Company. The person selling or advising you about this product may charge you other costs. If so, this person will provide you with information about these costs, and show you the impact that all costs will have on your Investment over time. 0.00% No ongoing or incidental costs are payable by the shareholders. More information on the ongoing costs of the Company can be found on the Company's website where the annual report and accounts are available within the documents page: https://vpcspecialtylending.com/documents/ All costs of managing the Company's investments are paid by the Company out of the proceeds from the underlying assets of the Company. The table below shows: • The impact each year of the different types of costs on the investment return you might get at the end of the recommended holding period • What the different cost categories mean One-off costs Entry costs 0.00% Exit costs Stamp duty is not paid when subscribing for shares at the time of an IPO. However, stamp duty is subsequently payable on all share purchases in the secondary market in the UK, based on 0.5% of the purchase consideration. VPC Specialty Lending Investments PLC - ordinary shares 2/3 KID document How can I complain? Other relevant information Recommended holding period 5 years Listed or quoted funds are designed to be long term investments and returns through them can be volatile during their life. Shareholders wishing to realise their investment may do so by selling their shares on the market. In addition, as described above, it is the Board’s current estimate that a substantial proportion of the portfolio is realised within three to five years. The Board will regularly communicate the expected timing of distributions as the portfolio is realised. How long should I hold it and can I take money out early? Further information relevant to the Company is available at http://vpcspecialtylending.com. Such information includes details of the Company's share price, net asset value and copies of the reports and accounts and other documents and announcements published by the Company. Past performance is no guarantee of future returns and there is no guarantee that the market price of the Company's shares will fully reflect their underlying net asset value. There is also no guarantee that the Company's investment objective will be achieved. All investment is subject to risk. The value of the shares in the Company may go down as well as up. Potential investors are advised to seek expert financial advice before making any investment decision and should be aware that they may not fully recover the amount invested. This report is provided for the purpose of information only, and if you are unsure of the suitability of this investment you should take independent advice. NAV performance is not linked to share price performance and shareholders may realise returns that are lower or higher in performance. Issued in the U.K. by VPC. This report may not be distributed or transmitted in or into the United States of America, Canada, Australia or Japan, or in any other country outside the United Kingdom where such distribution may lead to a breach of law of regulatory requirements, or transmitted, distributed or sent to or by any national, resident or citizen of such countries. The distribution of this document in certain jurisdictions may be restricted by law and therefore persons into whose possession this document comes should inform themselves about and observe any such restrictions. Any such distribution could result in a violation of the law of such jurisdiction. As a shareholder of the Company, you do not have the right to complain to the Financial Ombudsman Service about the management of the Company. Complaints about the Company or the Key Information Document should be sent to the address stated below, for the attention of the Company secretary: POSTAL ADDRESS: 29 Wellington Street, Leeds, LS1 4DU, United Kingdom WEBSITE: http://vpcspecialtylending.com EMAIL: info@vpcspecialtylending.com VPC Specialty Lending Investments PLC - ordinary shares 3/3