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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: 99.5 GBX

LSE:RMDL
Market: LSE
Market Cap: £111.66 m
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RM Secured Direct Lending continuing to benefit from strong pipeline of...

RM Secured Direct Lending PLC's (LON:RMDL) Pietro Nicholls tells Proactive London they're continuing to benefit from a strong pipeline and remain confident in their ability to originate and close high quality investments. He adds they're considering a potential equity raise to support...

on 29/7/19

RNS

Result of Placing

4 days, 9 hours ago

Update re: Proposed Placing

1 week, 4 days ago

Dividend Declaration

1 week, 5 days ago

Holding(s) in Company

2 weeks, 6 days ago

Proposed Placing

on 17/10/19

Net Asset Value(s)

on 16/10/19

2 min read