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RM Secured Direct Lending eyes raising on the back of strong YTD performance

RM Secured Direct Lending (LON:RMDL) tells Proactive London that strong year to date figures mean it's seeking to raise up to £10mln from City institutions to continue investing in its “strong pipeline”. Head of Sourcing and Origination Pietro NIcholls is keen to underline the company's 'steady play' strategy, promising to deliver more of the same over the coming months.
In the first half of the year RMDL paid out an impressive dividend of 3.625p as its portfolio grew 20% to £124.3mln and the average investment size increased 17% to £122mln.

Quick facts: RM Secured Direct Lending

Price: 99.97 GBX

LSE:RMDL
Market: LSE
Market Cap: £122.19 m
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RM Secured Direct Lending to see NAV gain following investment prepayment

RM Secured Direct Lending PLC's (LON:RMDL) Pietro Nicholls provides a snapshot on developments in November for its portfolio. He says most of the proceeds from its recent £10mln fundraising have been deployed and that US$10.5mln of loans have subsequently been prepaid with a long-term...

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