Overview
RDL Realisation (formerly Ranger Direct Lending) had an investment objective to seek to provide shareholders with an attractive return (target is 12-13% gross), principally in the form of quarterly income distributions (targeting 10% yield on the IPO price), by acquiring a portfolio of debt, such as loans, invoice receivables and asset financing arrangements, that have been originated or issued by businesses that serve as originators and distributors of this debt but are direct lending platforms rather than traditional retail or investment banks. Up to 10% of the portfolio could have been invested in the equity of these direct lending platforms.
The name change followed the decision to liquidate the portfolio and return the proceeds to shareholders over time.
You can access the fund’s website here
RDL : RDL Realisation
Research History
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07 Feb 2020 9 min read
QuotedData’s Investment Companies Roundup – February 2020
Investment Companies Roundup Kindly sponsored by Baillie Gifford Table of contents New research In this issue Performance data Discounts and premiums Money in and out Major news stories Income Events Guide New research Here is a list of research we published over January: An annual overview note on Shires Income (SHRS) “Shires Income (SHRS) will […]
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15 Oct 2019 10 min read
Investment companies quarterly roundup – Third quarter 2019
Investment Companies Quarterly Roundup Kindly sponsored by Baillie Gifford New research Over the third quarter, we published notes on India Capital Growth, Jupiter Emerging & Frontier Income, Montanaro European Smaller Companies, JLEN Environmental Assets, Civitas Social Housing, JPMorgan Russian Securities, International Biotechnology Trust, Aberdeen Emerging Markets, Seneca Global Income & Growth, Standard Life Investments Property Income […]
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07 Oct 2019 7 min read
QuotedData’s investment companies roundup – October 2019
Investment Companies Roundup Kindly sponsored by Baillie Gifford New research Over September, we published notes on India Capital Growth, Jupiter Emerging & Frontier, International Biotechnology Trust, JPMorgan Russian Securities, Civitas Social Housing, Montanaro European Smaller Companies and JLEN Environmental Assets. We also launched a monthly real estate roundup, beginning with reviews of August and September. In […]
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05 Jul 2019 4 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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07 Jun 2019 4 min read
QuotedData’s investment companies roundup – June 2019
Investment Companies Roundup New research Over May, we published notes on Shires Income, Standard Life Private Equity and The North American Income Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was notable that risk appetite was down in May as renewed […]
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08 May 2019 4 min read
QuotedData’s investment companies roundup – May 2019
Investment Companies Roundup New research Over April, we published notes on Henderson Diversified Income, Ecofin Global Utilities and Infrastructure, Jupiter Emerging and Frontier Income, Seneca Global Income & Growth and Polar Capital Global Financials Trust. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – it was […]
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04 Apr 2019 2 min read
QuotedData’s investment companies roundup – April 2019
QuotedData’s investment companies roundup – April 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2019. Kindly sponsored by Baillie Gifford. JPMorgan Indian, India Capital Growth, Aberdeen New India and Ashoka India Equity Investment […]
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22 Mar 2019 2 min read
QuotedData’s investment companies roundup – March 2019
QuotedData’s investment companies roundup – March 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2019. Kindly sponsored by Baillie Gifford. JPMorgan Chinese, Fidelity China and Pacific Horizon benefited from a booming Chinese market in […]
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16 Oct 2018 2 min read
Quarterly Investment Companies Roundup – Third Quarter 2018
Quarterly Investment Companies Roundup – Third Quarter 2018 Global equities delivered positive returns over the third quarter of 2018. This was principally because of strength in the US market. Political uncertainty and concerns about global trade held back other regions. Generally, government bond yields rose over the quarter. The UK equity market fell as the Bank of […]
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14 Sep 2018 1 min read
QuotedData’s investment companies roundup – September 2018
QuotedData’s investment companies roundup – September 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in August GRIT Real Estate Income floated on the UK Stock Exchange in […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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11 Jul 2018 1 min read
QuotedData’s investment companies roundup – July 2018
QuotedData’s investment companies roundup – July 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2018. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised and returned in June Newcomer to the market, Yew Grove […]
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11 Jun 2018 2 min read
QuotedData’s investment companies roundup – June 2018
QuotedData’s investment companies roundup – June 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2018. Kindly sponsored by Baillie Gifford. The premium of biotech company, Syncona, rose on positive news on two of its […]
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11 May 2018 1 min read
QuotedData’s investment companies roundup – May 2018
QuotedData investment companies roundup – May 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2018. Kindly sponsored by Baillie Gifford. India Capital Growth has experience a rebound in performance in the past month, as […]
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25 Apr 2018 2 min read
Quarterly investment companies roundup – First quarter 2018
Quarterly investment companies roundup – First quarter 2018 Quarterly investment companies roundup – First quarter 2018 – Global equity markets declined in the first quarter of 2018. Concerns about US interest rate rises were the feature of the first half of the quarter. However, worries about global trade took over in the second part, particularly […]
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18 Apr 2018 1 min read
QuotedData’s investment companies roundup – April 2018
QuotedData investment companies roundup – April 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of March 2018. Kindly sponsored by Baillie Gifford. Stock markets have suffered their first meaningful fall for nearly two years. At the quarter end, […]
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07 Feb 2018 2 min read
QuotedData investment companies roundup – February 2018
QuotedData investment companies roundup – February 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2018. Kindly sponsored by Baillie Gifford. The oil price was up again over the month and this helped propel […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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11 Dec 2017 2 min read
QuotedData investment companies roundup – December 2017
QuotedData investment companies roundup – December 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of November 2017. Kindly sponsored by Baillie Gifford. December Investment Companies Roundup Money raised and returned in November There were no […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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12 Jul 2017 2 min read
QuotedData investment companies roundup – July 2017
QuotedData investment companies roundup – July 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of June 2017. Kindly sponsored by Baillie Gifford. July Investment Companies Roundup Money raised in July Newly launched in June were […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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16 May 2017 2 min read
QuotedData investment companies roundup – May 2017
QuotedData investment companies roundup: Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of April 2017. Kindly sponsored by Baillie Gifford. Money in: The only new launch in April was EJF Investments, a £69m fund trying to take advantage of […]
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17 Nov 2015 1 min read
GLI Alternative Finance – Off and running
GLI Alternative Finance (GLAF) IPO’d on 23 September 2015 with assets of £52m. One month later the issue proceeds were fully invested. The first monthly dividend will be declared in November for payment in December (the target is an annualised 8% yield on the issue price). The company is eager to grow and has a […]
News
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22 Dec 2020 2 min read
QuotedData’s morning briefing 22 December 2020
In QuotedData’s morning briefing 22 December 2020: The Renewables Infrastructure Group has exchanged contracts to invest in Phoenix SAS, which owns a portfolio of operational wind and solar renewable energy assets. The portfolio comprises five onshore wind farms in Northern France with a combined capacity of 74MW and four operational solar parks with battery storage located […]
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25 Nov 2020 2 min read
QuotedData’s morning briefing 25 November 2020
In QuotedData’s morning briefing 25 November 2020: Gresham House Energy Storage has successfully raised gross proceeds of £120m through the issue of 114,285,714 shares at 105p. The issue was oversubscribed. The money will enable the company to finance up to six new near-term acquisitions totalling 245MW. RDL Realisation says that it intends for the company to become […]
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04 Jun 2020 2 min read
RDL Realisation reports on COVID impact
RDL Realisation reports on COVID impact – RDL Realisation’s annual accounts to end December contain few surprises except the location of the AGM – the Moto Service Station, M5 Junction 27, Sampford Peverell – which investors cannot attend anyway because of COVID restrictions. The board had this to say “whilst the full impact of the Covid-19 […]
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16 Mar 2020 1 min read
QuotedData’s other news 16 March 2020
In QuotedData’s other news 16 March 2020 – RDL Realisation (RDL) provided the following update on the Princeton fund: “on Friday 13 March 2020, the United States bankruptcy court entered an order confirming the Fifth Amended Chapter 11 Plan proposed by the Chapter 11 Trustee in the Princeton alternative income fund bankruptcy case. The plan was […]
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11 Mar 2020 1 min read
QuotedData’s other news 11 March 2020
In QuotedData’s other news 11 March 2020 Bank of England cuts rates to 0.25% from 0.75%. The new rate is the lowest in the UK’s history. RDL Realisation should have about $8.7m in cash following its $7m (43 cent/33p per share) distribution paid in February. Its portfolio was valued at $33m at the end of January. […]
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21 Feb 2020 1 min read
QuotedData’s other news 21 February 2020
In QuotedData’s other news 21 February 2020 RDL Realisation looks set to get $13,483,500 from Princeton. The bankruptcy trustee has come up with a plan that all the creditors have agreed to. There is a court hearing scheduled for 13 March to approve this and then the money would be due, in cash, by about the […]
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13 Jan 2020 1 min read
QuotedData’s other news 13 January 2020
In QuotedData’s other news 13 January 2020 – US Solar Fund (USF) has announced the acquisition of 100% of the cash equity interests in three operating utility-scale solar power projects totalling approximately 11MWDC in North Carolina. Including the financial close of the five projects announced on 2 January, USF has now closed all eight projects of […]
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10 Jan 2020 1 min read
QuotedData’s other news 10 January 2020
In QuotedData’s other news 10 January 2020 Ground Rents Income Fund has refinanced its debt, reducing its overall interest cost from 3.37% to 2.76%, increasing the loan to value covenant on its debt from 40% to 45% (giving it more headroom to borrow if it chooses – the current loan to value ratio is 24%) and […]
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09 Aug 2019 1 min read
QuotedData’s other news 9 August 2019
In QuotedData’s other news 9 August 2019 BMO Global Smaller Companies has announced the issue of £35m of fixed-rate 20-year unsecured private placement notes at a coupon of 2.26%. This refinances the company’s 3.5% Convertible Unsecured Loan Stock (“CULS”) which matured on 31 July 2019. RDL Realisation has announced a special dividend of 255p per share. The special […]
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07 Aug 2019 1 min read
QuotedData’s other news 7 August 2019
In QuotedData’s other news 7 August 2019 – Hansa Trust will be kicked out of UK indices on liquidity grounds (free float too small) when it redomiciles to Bermuda, putting some selling pressure on the stock. Effective date 29 August 2019. FastForward may have to sell its stake in Cryptologic after that company said it would […]
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20 Jun 2019 1 min read
QuotedData’s other news 20 June 2019
In QuotedData’s other news 20 June 2019 Pershing Square has announced a $100m share buy-back programme – up to 6m shares will be repurchased and the transactions are expected to enhance NAV (in other words they’ll buy back the shares at a discount to NAV). The NAV at 18 June was $24.63 and the share price […]
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18 Jun 2019 6 min read
RDL Realisation accounts published
RDL Realisation accounts published – RDL Realisation has just published accounts for the year ended 31 December 2018, somewhat later than is normal – hence the need to suspend their shares while the accounts were being finalised. Since the AGM on 19 June 2018 (when the wind up strategy was adopted), the company has returned […]
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13 Jun 2019 1 min read
QuotedData’s other news 13 June 2019
In QuotedData’s other news 13 June 2019 – Augmentum Fintech made follow on investments totalling £8.5m in three of its portfolio companies – Tide, Monese and Duedil. BBGI has topped up its investment in the A1/A6 road project in the Netherlands. The project was part of the Schiphol-Amsterdam-Almere expansion and involved the reconstruction and widening of a […]
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15 May 2019 1 min read
QuotedData’s other news 15 May 2019
RDL Realisation announced that Deloitte LLP has confirmed that valuation work required to finalise the audit is substantively complete. RDL now expects to publish its annual accounts for the financial year ending on 31 December 2018 by 28 May 2019. The shares remain suspended. Regional REIT has announced a number of new lettings. TwentyFour Income Fund […]
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15 Apr 2019 2 min read
QuotedData’s other news – 15 April 2019
QuotedData’s other news – 15 April 2019 Target Healthcare has completed the acquisition of a property in Formby, Merseyside for approximately GBP6.9 million PRS REIT said that, at 31 March 2019 it had GBP603m in gross development cost, which equates to 3,951 new homes with an estimated rental value (“ERV”) of approximately GBP37.3m per annum […]
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12 Feb 2019 2 min read
Ranger Direct Lending Fund confirms new management and valuation arrangements
Ranger Direct Lending (RDL) has provided an update on the company’s management and valuation arrangements. As previously announced, RDL’s investment management agreement with Ranger Alternative Management II, LP terminates with effect from today (12 February 2019). The Company has appointed International Fund Management Limited (IFM) as its replacement Alternative Investment Fund Manager with immediate effect and, […]
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29 Nov 2018 1 min read
Ranger Direct proposes a share buy back
Ranger Direct proposes a share buy back- Ranger Direct Lending Fund plc (RDL) has announced today that they have made a proposal to the zero dividend preference share holders about a potential buy back of shares. They are seeking an agreement that will address both the needs of ZDP share holders and the share holders […]
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14 Nov 2018 1 min read
Manager resigns at Ranger Direct Lending
Manager resigns at Ranger Direct Lending- Ranger Direct Lending (RDL) today has announced that the manager will resign on 12 February 2019. The manager announced its resignation following the publication of the decision to change Ranger’s investment strategy. The voting on the new investment strategy will take place at the extraordinary general meeting on 16 […]
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07 Nov 2018 1 min read
Ranger Direct Lending says a Trustee appointed to Princeton bankruptcy
Ranger Direct Lending says a Trustee appointed to Princeton bankruptcy – Ranger Direct Lending has announced that a chapter 11 Trustee has been appointed to Princeton’s bankruptcy case. Previously announced by Ranger Direct Lending (RDL) , and reported by us in a previous news posts (click here to view more). Ranger is currently in the […]
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16 Oct 2018 2 min read
Ranger Direct Lending releases information on Princeton bankruptcy
Ranger Direct Lending releases information on Princeton bankruptcy – As previously announced by Rangers Direct Lending (RDL) , and reported by us in previous news posts (click here to view more) one of the company’s holdings, Princeton is filing for Chapter 11 bankruptcy in the US. Ranger is currently in process of forming a reorganisation plan for submission […]
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03 Aug 2018 1 min read
Ranger reports positive development in Princeton fight
Ranger reports positive development in Princeton fight – the bankruptcy court has already ruled that portions of Ranger Direct Lending‘s claims against Princeton and the general partner in pending arbitration proceedings could proceed and be fully adjudicated. The arbitration panel has now rendered a “Partial Final Award” on Phase I of the arbitration as follows: Princeton breached […]
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12 Mar 2018 2 min read
Ranger hit by Princeton bankruptcy
Ranger hit by Princeton bankruptcy – Ranger Direct Lending has announced that it has been informed that Princeton and the General Partner filed voluntary petitions of bankruptcy on 9 March 2018. The filings came hours before the three-judge arbitration panel was to rule on an application for an order requiring Princeton to hold and segregate all revenues […]
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29 Jan 2018 2 min read
Ranger Direct Board asks Kinmont to review management arrangements
Ranger Direct Board asks Kinmont to review management arrangements – Ranger Direct Lending put in place a management contract at the time of its IPO with Ranger Alternative Management II, LP. The initial term finishes on 1 May 2018 and then there is a rolling one year notice period thereafter. On 1 November 2017, the Board announced that it, in conjunction […]
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19 Jan 2018 1 min read
Investment Trust Insider trusts that didn’t escape me last year
Investment Trust Insider – trusts that didn’t escape me last year. As 2018 gets underway, I thought that it might be worth revisiting some of the funds that I wrote about in 2017. At the start of the year I hailed the changes that Standard Life Private Equity (SLPE) was implementing to broaden its investment proposition and noted the increasing […]
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15 Dec 2017 2 min read
Ranger slashes NAV again
Ranger slashes NAV again – Ranger Direct Lending has announced that it will make a further provision against Princeton/Argon and this will amount to a hit of about 3.8% to the end September NAV. The full text follows: “Further to the Company’s announcements regarding the bankruptcy proceedings in respect of Argon Credit, LLC and Argon X, […]
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14 Nov 2017 1 min read
Ranger takes another hit from Princeton
Ranger takes another hit from Princeton – Further to the announcements regarding the bankruptcy proceedings in respect of Argon Credit, LLC and Argon X, LLC, Ranger Direct Lending has been informed by the Princeton Alternative Income Fund Ltd that it intends to take an additional gross reserve of approximately $10.4 million against the Argon portfolio due to a […]
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01 Nov 2017 1 min read
Ranger in discussions with potential co-managers
Ranger in discussions with potential co-managers – Ranger Direct Lending’s board, in conjunction with Ranger Alternative Management II, LP, today announces that it is in discussions with potential co-managers who could assist in and strengthen some or all aspects of the manager’s current role and responsibilities, including identifying new lending categories, sourcing platform partnerships, conducting platform due […]
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16 Oct 2017 1 min read
Investment Trust Insider on Zero Dividend Preference Shares
James Carthew: there is a future for quality ‘zeros’ Split capital investment trust Jupiter Dividend & Growth (JDT) is approaching the end of its life. It was launched in December 2005 and is by far the oldest of the ‘splits’ that exist today. However, its articles of association say it must wind up on 30 […]
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26 Sep 2017 5 min read
No plan to tackle Ranger’s discount
No plan to tackle Ranger’s discount – Ranger Direct Lending has published its interim statement covering the six month period ended 30 June 2017. As Christopher Waldron, the chairman, points out, the first six months of 2017 has been a difficult period for Ranger Direct Lending, which has seen its share price fall to a […]
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26 Jun 2017 2 min read
Ranger Direct Lending updates on Princeton
Ranger Direct Lending updates on Princeton saying it has initiated arbitration proceedings. Princeton is incorporated in the British Virgin Islands and invests in a Delaware master fund (the “Princeton Master Fund”) which is a party to the underlying lines of credit. Ranger Alternative Management II, LP (the “Investment Manager”), the Ranger Specialty Income Fund, LP […]
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15 Jun 2017 3 min read
Ranger’s board makes some policy changes
Ranger’s board makes some policy changes, manager commits to reinvesting part of fee and update on Princeton. Ranger Direct Lending Fund has been informed by Ranger Alternative Management II LLP (the “Investment Manager”) that it intends to utilise part of its management fee to acquire ordinary shares in the market in order to demonstrate its […]
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12 Apr 2017 1 min read
Ranger takes 4% hit from Argon bankruptcy
Further to Ranger Direct Lending’s announcements regarding the bankruptcy proceedings in respect of Argon Credit, LLC and Argon X, LLC, the company has been informed by the Princeton Alternative Income Fund Ltd that it intends to take a reserve of $11.7 million against the Argon portfolio due to a decline in recent cash flows attributable to the portfolio. […]
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23 Dec 2016 2 min read
Ranger Direct Lending exposed to Argon Credit bankruptcy
Ranger has made an announcement related to the bankruptcy of Argon Credit – it is a complex topic so here’s the main body of the text of that announcement. The Company notes the recent press coverage relating to the filing for Chapter 11 bankruptcy by Argon Credit, LLC and Argon X, LLC (together, “Argon”). The […]
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15 Sep 2016 3 min read
Ranger Direct Lending on track as considers first equity investment
Ranger Direct Lending has reported interim results covering the first half of 2016. The proceeds of the initial public offering (IPO) on 1 May 2015 and December’s secondary issue of Ordinary Shares were all substantially deployed by the end of 2015, so Ranger began 2016 with all of its assets committed to Debt Instruments, less […]
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22 Jul 2016 1 min read
Ranger Direct Lending conditional ZDP placement to raise £30m
Ranger Direct Lending has announced that it has conditionally placed 30 million zero dividend preference shares (ZDP Shares) at 100 pence per share to raise gross proceeds of £30m. The company says that the ZDP Shares will have a life of five years and a final capital entitlement of 127.63 pence per ZDP Share on […]
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06 Jun 2016 1 min read
Ranger Direct Lending looks to raise £30m through a ZDP issue
Ranger Direct Lending Fund has announced that, following consultation with potential investors, it intends to raise up to £30m through a placing of zero dividend preference shares (ZDP Shares). The Company currently expects the ZDP Shares to be issued with a 5 year term and a gross redemption yield of 5% per annum. The company […]
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25 Apr 2016 1 min read
Property and infrastructure trusts see inflows in Q1
Volatility has meant that no investment trusts were launched over the first quarter of this year, while money that was raised was focused around property and infrastructure trusts, according to QuotedData. See more at: http://www.portfolio-adviser.com/news/1028797/property-infrastructure-trusts-inflows-q1#sthash.uWHsqkEA.dpuf
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19 Apr 2016 2 min read
Jupiter Dividend & Growth beats UK market by some margin
Jupiter Dividend & Growth Trust outperformed the FTSE All-Share Index by some margin in 2015 – the total assets rose by 6.9% against a 2.5% fall in the index (both capital only). The fund has zero dividend preference shares, whose net asset value rose by 7%; ordinary income shares, whose asset value rose marginally from […]
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12 Apr 2016 2 min read
Ranger Direct hopes to raise new capital to take advantage of SME lending opportunities
Ranger Direct Lending, which listed on the London Stock Exchange on 1 May 2015, has announced its annual results for its initial period from 10 April 2015 to 31 December 2015. During the period, the company’s NAV grew by 2.45%, whilst its share price grew by 2.50%. The company also paid 8.36p per share providing a […]
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10 Nov 2015 1 min read
Ranger Direct Lending planning C share
Ranger Direct Lending, which listed in May and is still only 76% invested (as at 9 November), says it is planning a C share issue to raise up to £135m. They say they anticipate full deployment of Ranger’s equity capital by early December, within its stated target of fully deploying the net proceeds raised at IPO […]
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12 Aug 2015 2 min read
Ranger Direct Lending was 19% invested at end June
Ranger Direct Lending has published its first set of figures covering the period from its launch on 25 March 2015 to the end of June. After initial launch costs of 1.63% of NAV, the Company had a NAV of $15.14 per share upon listing, with the NAV per share growing to $15.16 on 30th June […]
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20 Jul 2015 1 min read
Investment trusts see largest ever new issue
QuotedData reports that the investment trust sector expanded by about GBP2.4 billion over the second quarter of 2015, taking in close to GBP2.9 billion and handing back just over GBP450 million. The firm comments that many of the funds raising money are not designed to throw off high levels of income, suggesting that investors are […]
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18 May 2015 1 min read
The investment trusts backing lending platforms
http://www.thisismoney.co.uk/money/diyinvesting/article-3062370/The-investment-trusts-backing-lending-platforms-10-return.html “Lend-to-save and crowdfunding have become popular areas for investors in recent years and have become an interesting area for debt-focused investment trusts. There are now three investment trusts that put money into these peer-to-peer lending platforms that bypass the banks to connect lenders and borrowers and offer yields of up to 10 per cent. […]
