Marble Point Loan Financing : MPLF - Key Information Document (KID)

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 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.

	PRODUCT	Name:		Marble Point Loan Financing Limited - Ordinary Shares
		ISIN:		GG00BF1Q4G54
	PRIIP Manufacturer:		Marble Point Credit Management LLC
	Competent Authority:		Marble Point Credit Management LLC is not supervised or authorised by an EU competent
				authority.
		Date:		16 July 2020
	For more information:		[phone]		[e-mail]	http://www.mplflimited.com

You are about to purchase a product that is not simple and may be difficult to understand.

WHAT IS THIS PRODUCT?

Type:This PRIIP is a class of ordinary shares ("Shares") of Marble Point Loan Financing Limited ("Company"). The Company is a registered closed-ended investment company with limited liability incorporated under the laws of Guernsey.

Objectives:The Company's investment objective is to generate stable current income and to grow NAV by earning a return on equity in excess of the amount distributed as dividends. The Company seeks to achieve its investmentobjective primarily through exposure to a diversified portfolio of US Dollar denominated, broadly syndicatedfloating rate senior secured corporate loans ("Loans"). The Company obtains exposure to Loans primarilythrough a wholly owned subsidiary (which invests directly in Loans) and its direct and indirect investments incollateralized loan obligations ("CLOs") and loan accumulation facilities ("LAFs") which are managed by MarblePoint Credit Management LLC ("Manager"), the Company's investment manager, or its affiliates. The Loans towhich the Company obtains exposure are primarily U.S. senior secured loans and may be loans to obligors inany sector. Investment returns of the Company are principally determined by the performance of theinvestments made by the Manager. The Company may borrow (and has borrowed) for working and investmentcapital purposes. This will magnify any gains or losses made by the Company.

TheShares are traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange. Theactualreturn realised on an investment in the Shares depends on the difference in the price paid to buy theSharesand the price at which the corresponding Shares are sold as well as the total amount of dividendsreceivedfrom the Company during the investment holding period. Your investment in the Shares may only berealisedby selling them in the secondary market where the Shares may trade at prices that are greater than orlessthan the Company's NAV per Share or otherwise lower than the price that you had originally paid to investin them.

The objectives of the Company are intended to be achieved over the long term.

Intended RetailInvestors in the Shares are expected to be institutional investors, professional investors, high net worth investors

Investor:and professionally advised investors who understand the risks involved in investing in the Shares and/or who have received advice from their fund manager or broker regarding an investment in the Shares. The Shares are only suitable for investors: (i) who understand the potential risk of losing all or part of their original capital; (ii) for whom an investment in the Shares is part of a diversified investment programme; (iii) who plan to stay invested for the long-term with no need for liquidity; and (iv) with experience investing in financial markets and listed investment companies and who fully understand and are willing to assume the risks involved in such an investment portfolio, including the risk that there may be limited liquidity in the Company's underlying investments and the Shares.

Maturity DateThe Company has an unlimited life and there is no maturity date for the Shares.

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The following are some of the other risks materially relevant to the PRIIP which are not taken into account in the summary risk indicator:

Use of Leverage: The Company's investments in CLO equity securities and Loan Accumulation Facilities are highly leveraged. Gains and losses relating to underlying investments will generally be magnified.

Liquidity Risk: As shares trade via the secondary market, trading volumes may reduce, or shares may trade at a discount to their respective Net Asset Value, due to a variety of factors, such as market conditions, liquidity concerns or product performance. As a result, Shareholders may be unable to realise their investment at quoted market prices.

Losses: This product does not include any protection from future market performance so you could lose some or all of your investment.

COVID-19:This is an evolving situation and the economic impact of the pandemic is difficult to predict. The Company is closely monitoring events and will take steps designed to mitigate this risk as deemed appropriate.

WHAT ARE THE RISKS AND WHAT COULD I GET IN RETURN?

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Risk Indicator

Lower risk

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Higher risk

The risk indicator assumes you keep the product for 5 years.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 notable to pay you.

We have classified this product as 5 out of 7, which is a medium-high risk class. This rates the potential losses from future performance at amedium-highlevel and poor market conditions will likely impact the capacity to pay you.

Be aware of currency risk. You will receive payments in a	Actual risks can vary significantly if you cash in at an early
different currency, so the final return you will get depend on the
exchange rate between the two currencies. This risk is not	stage and you may get back less. You may not be able to sell
considered in the indicator shown above.	your product easily or you may have to sell at a price that
significantly impacts how much you get back.
Although the shares of the Company are quoted and tradeable in two
currencies, MPLS (Sterling), and MFLF (USD), the Company's	See further the Annual Report for the Company as cited in
investments and its returns are denominated in USD. Investors may	the section "Other Relevant Information" below.
elect to receive dividends paid in sterling (see
www.mplflimited.comfor more information), but for sterling	If we are not able to pay you what is owed, you could lose some
denominated investors the receipt of dividends and the capital	or all of your investment.
performance will be subject to the risk of changes in exchange rate
between the two currencies.

PERFORMANCE SCENARIOS

	Investment US$10,000			1 year			3 years		5 years
						(Recommended holding period)
		What you might get		US$ 304.15		US$6,428.94	US$5,640.72
	Stress scenario	back after costs
		Average return each year	-96.96%		-13.69%		-10.82%
		What you might get		US$5,305.29		US$2,229.75	US$1,001.94
	Unfavourable scenario	back after costs
		Average return each year	-46.95%		-39.36%		-36.88%
		What you might get		US$7,435.07		US$3,867.14	US$2,011.38
	Moderate scenario	back after costs
		Average return each year	-25.65%		-27.14%		-27.44%
		What you might get		US$9,407.59		US$6,055.38	US$3,645.56
	Favourable scenario	back after costs
		Average return each year	- 5.92%		-15.40%		-18.28%

This table shows the money you could get back over the next five years, under different scenarios, assuming that you invest US$10,000. The scenarios shown illustrate how your investment could perform. You can compare them with scenarios of other products. The scenarios presented are an estimate of future performance based on evidence from the past on how the value of this type of investment varies, and are not an exact indicator. What you get will vary depending on how the market performs and how long you keep the investment/product. This product cannot be easily cashed in. This means it is difficult to estimate how much you would get back if you cash in before the end of the recommended holding period. You will either be unable to cash in early or you will have to pay high costs or take a large loss if you do so. The figures shown include all the costs of the product itself, but may not include all the costs that you pay to your advisor or distributor. The figures do not take into account your personal tax situation, which may also affect how much you get back.

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WHAT HAPPENS IF WE ARE UNABLE TO PAY OUT?

The manufacturer of this product has no obligations to 'pay out'. Investors may, however, suffer financial loss in an amount equal to part or all of your investment due to the default of the Company. There are no investor compensation or guarantee schemes available to cover any such potential loss.

WHAT ARE THE COSTS?

The Reduction in Yield (RIY) shows what impact the total costs you pay will have on the investment return you might get. The total costs take into account one-off, ongoing and incidental costs.

The amounts shown here are the cumulative costs of the product itself for three different holding periods. They include potential early exit penalties. The figures assume you invest US$10,000. The figures are estimates and may change in the future.

Costs over time

The person who is 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 of all costs on your investment over time.

		Investment US$10,000		If you cash in after			If you cash in after		If you cash in after
		Scenarios		1 year			3 years		5 years
		Total costs		US$375.70		US$1,145.59		US$1,972.71
		Impact on return (RIY) per year	3.76%		3.68%	3.67%
		Composition of costs

The table below shows: (1) 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; and (2) the meaning of the different cost categories.

	One-off costs	Entry costs	0.00%	The impact of the costs you pay when entering your investment, if
				applicable.
		Exit costs	0.00%	The impact of the costs of exiting your investment when it matures, if
				applicable.
	Ongoing costs	Portfolio transaction	0.00%	The impact of the costs of buying and selling underlying investments for
		costs		the product.
		Other ongoing costs	4.81%	The impact of the costs that we take each year for managing your
				investments and all other recurring costs that are applicable to the
				Company.
	Incidental costs	Performance fees	0.00%	The impact of the performance fee, if applicable.
		Carried interests	0.00%	The impact of carried interests, if applicable.

HOW LONG SHOULD I HOLD IT AND CAN I TAKE MY MONEY OUT EARLY?

RECOMMENDED HOLDING PERIOD: 5 YEARS

Your investment is designed to be long term and you should be prepared to stay invested at least 5 years. Shares are traded on the Specialist Fund Segment of the Main Market of the London Stock Exchange and are not bound by any prescribed minimum holding period restrictions. Shares may be bought and sold during market hours on the London Stock Exchange. There can be no guarantee that the Shares will trade at price levels consistent with the Company's NAV and investors may be unable to realize their investment at NAV or at all. If you choose to sell your Shares, you will pay the dealing costs your bank or stockbroker charges for such services.

HOW CAN I COMPLAIN?

As an investor in the Shares, you may lodge a complaint concerning the Shares or the Company in the following ways:

By letter:Marble Point Loan Financing Limited	By email:[e-mail]
1st and 2nd Floors, Elizabeth House
Les Ruettes Brayes,	On the Company website:http://www.mplflimited.com
St Peter Port, GY11EW, Guernsey

OTHER RELEVANT INFORMATION

Further information about the Shares may be found in the Company's prospectus, which is available free of charge in English, along with other information, on the Company's website at: http://www.mplflimited.com. The Company's prospectus describes, among other things, certain Risk Factors applicable to an investment in the Shares, the ability of the Company to borrow for investment and working capital purposes and a description of the fees and expenses applicable to an investment in the Company, including fees and expenses relating to certain of the Company's underlying investments. The Company's tax treatment of the Shares may have an impact on your personal tax position of an investment in the Shares. Depending on how you buy these shares you may incur other costs, including broker commission, platform fees and/or taxes. The distributor will provide you with additional documents where necessary and upon request.

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