viewRM Secured Direct Lending

RM Secured Direct Lending mulls equity raise to fund investment opportunities

With the stock now trading at a premium to net asset value, the company is looking to tap the market

The firm says it is confident in its ability to originate and close high quality investments

RM Secured Direct Lending PLC (LON:RMDL) is considering a potential equity raise to support its pipeline of investment opportunities.

The investment trust, which specialises in secured debt investments, said it is considering the issue of new ordinary shares at a premium to net asset value under its existing authorities.

Earlier this month the company said it continues to benefit from a strong pipeline and remains “confident in its ability to continue to originate and close high quality investments”.

The group also indicated that it has used its revolving credit facility.

“Further details of any proposed fundraising, which will be subject to prevailing market conditions, will be announced in due course,” the firm said.

Quick facts: RM Secured Direct Lending

Price: 80 GBX

Market: LSE
Market Cap: £97.01 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of RM Secured Direct Lending named herein, including the promotion by the Company of RM Secured Direct Lending in any Content on the Site, the...



RM Secured Direct Lending 'still has considerable buffer to meet its...

RM Secured Direct Lending PLC's (LON:RMDL) Pietro Nicholls tells Proactive London's Andrew Scott they've still got a considerable buffer to meet its dividend targets. He says the number one focus currently is the management of the existing portfolio however Nicholls suspects opportunities...

on 23/4/20

2 min read