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RM Secured Direct Lending

data as at: 25/02/2020
Company website
ObjectiveTo generate attractive dividends by investing in secured debt instruments of UK SMEs and mid-market corporates including any loan, promissory notes, lease, bond, or preference share sourced by the Investment Manager.
Management groupRM Capital Markets
AIC sectorDebt - Direct Lending
Launch date15/12/2016
Financial year endDecember
DomicileUnited Kingdom
Total assets (m)134.8
Share typeTotal assets (m)Price (last close)Price (bid)Price (offer)Redemption priceNAVDividend datesWind up dateGearing (%)Dividend yield (%)
Zero Dividend Preference share11.6105.50104.00107.00110.9106.76N/A06/04/2021N/A0.0
Ordinary Share120.297.5096.0099.00N/A98.31Feb, Jun, Aug, NovN/A16.7
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
05/12/20191.625IncomeNo2019
05/12/20190.075IncomeYes2019
05/09/20191.625IncomeNo2019
06/06/20191.625IncomeNo2019
06/06/20190.375IncomeYes2019
View dividend history
Dividend cover (years)Revenue reserves (m)
0.211.66

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 Total4,68454,1601,079,8060
RM Secured Direct Lending ZDP 2021 AverageN/A2,6754,1710
RM Secured Direct Lending Total6,269761,63019,230,4690
RM Secured Direct Lending AverageN/A34,90476,0310

Traded values (m)

Yesterday1 month1 year5 years
RM Secured Direct Lending ZDP 2021 Total0.010.7519.430.00
RM Secured Direct Lending ZDP 2021 AverageN/A0.000.000.00
RM Secured Direct Lending Total0.010.7519.430.00
RM Secured Direct Lending AverageN/A0.030.080.00

Data provided by Morningstar. Company documents provided by Financial Express.