It’s on a discount but Ranger Direct Lending is hoping to raise new money


#1

Originally published at: http://whichinvestmenttrust.com/its-on-a-discount-but-ranger-direct-lending-is-hoping-to-raise-new-money/

The specialist US focused SME lender has proven to be popular with retail and institutional investors, but who would subscribe to a new fund raising when they could buy it cheaper in the market? Ranger Direct Lending (LON:RDL) is seeking to raise up to £40m via a C share issue, which is an additional pool…


#2

Oh dear, a bit of worry that they have only managed to meet their income promise by way of the Brexit effect on Sterling.

I would not touch this high fee charging fund with a bargepole.