The investment company will be changing their strategy to focus on secured loans which the board believes will stabilize the...
The Ranger Direct Lending closed-end fund is seeking to raise £40 million through the sale of new shares; fund is currently at £236 million; company will offer new C shares in December; the fund's last two share offerings have been for Z shares with trading symbol ZDP; the Ranger Direct Lending Fund has been steadily leading returns for UK marketplace lending funds in 2016. Source
AltFi reports that Ranger Direct lending Fund could see the second half dividend payout cut in half as compared to the first half of 2017; they cite legal fees, downward revisions to expected returns of platforms and cash drag due to reallocation of funds from closing platforms. Source.