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RM Secured Direct Lending

data as at: 24/11/2020
Company website
ObjectiveTo generate attractive and regular dividends through investment in debt instruments which are backed by real assets, led by exceptional management teams and usually demonstrate high cash flow visibility.
Management groupRM Capital Markets
AIC sectorDebt - Direct Lending
Launch date15/12/2016
Financial year endDecember
DomicileUnited Kingdom
Total assets (m)124.8

Please note, some investment companies release their Net Asset Values (NAVs) less frequently than daily. For example they may provide NAVs on a weekly, monthly, quarterly or even semi-annual basis. This means that the estimated NAV shown below, and the associated discount/premium to market price, will not necessarily reflect recent market movements.

Share typeTotal assets (m)Price (last close)Price (bid)Price (offer)Redemption priceNAVDividend datesWind up dateGearing (%)Dividend yield (%)
Zero Dividend Preference share11.9107.50107.50107.50110.9109.53N/A06/04/2021N/A0.0
Ordinary Share109.980.5079.0082.00N/A91.91Feb, Jun, Aug, NovN/A48.1
Note
The Investment Manager will invest 50 per cent. of the monthly management fee in Ordinary Shares on a quarterly basis for the first 3 years following Admission. The Shares will be purchased in the secondary market or, if this is not possible, through the issue of Ordinary Shares by the Company. Discount Control Policy – if the 6 month average discount is greater than 6%, the Board will endeavour to reduce the discount by buying back shares.

Dividends

Dividends displayed in traded currency.

Ex-Dividend DateDividend amountDividend typeSpecial dividendFinancial year
03/12/20201.625IncomeNo2020
03/09/20201.625IncomeNo2020
04/06/20201.625IncomeNo2020
05/03/20201.625IncomeNo2020
05/03/20200.075IncomeYes2020
View dividend history
Dividend cover (years)Revenue reserves (m)
0.483.73

Trading information

Share typeISINTIDMTraded currency
RM Secured Direct Lending ZDP 2021GB00BG1TSQ91RMDZGBX
RM Secured Direct LendingGB00BYMTBG55RMDLGBX

Traded volumes (number of shares)

Yesterday1 month1 year5 years
RM Secured Direct Lending ZDP 2021 Total063,700666,8040
RM Secured Direct Lending ZDP 2021 AverageN/A2,8952,5450
RM Secured Direct Lending Total43,170917,70119,866,3590
RM Secured Direct Lending AverageN/A41,71478,2140

Traded values (m)

Yesterday1 month1 year5 years
RM Secured Direct Lending ZDP 2021 Total0.000.070.700.00
RM Secured Direct Lending ZDP 2021 AverageN/A0.000.000.00
RM Secured Direct Lending Total0.030.7416.360.00
RM Secured Direct Lending AverageN/A0.030.060.00

Data provided by Morningstar. Company documents provided by FE fundinfo.