Ranger Direct Lending Fund PLC Net Asset Value(s) (2130N)
October 21 2016 - 9:10AM
UK Regulatory
TIDMRDL
RNS Number : 2130N
Ranger Direct Lending Fund PLC
21 October 2016
21 October 2016
Ranger Direct Lending Fund PLC
(The "Company")
MONTHLY NET ASSET VALUE PER SHARE
The net asset value per share ("NAV") of the shares in the
Company as at the close of business on 30 September 2016 was:
Ordinary Share:
ISIN GB00BW4NPD65
cum-income* basis was US$15.58 (Sterling equivalent amount being GBP12.01)
ex-income** basis was US$15.41 (Sterling equivalent amount being GBP11.88)
This NAV has been calculated by Sanne Fiduciary Services
Limited.
*Cum-income NAV includes all current year income, less the value
of any dividends paid in respect of the period together with the
value of any dividends which have been declared and marked
ex-dividend but not yet paid.
**Ex-income NAV is the Cum-income NAV excluding net current year
income (net current year income being all current year income, less
the value of any dividends paid in respect of the period together
with the value of any dividends which have been declared and marked
ex-dividend but not yet paid). Any undistributed income from the
prior year is moved to retained earnings on the first business day
of the new period, meaning that an ex-income NAV released during a
financial year equates to the cum-income NAV less year to date
undistributed income.
Previous announcements of the Company's ex-income net asset
value have included in the calculation a deduction of income that
had already been distributed by way of dividend in the relevant
year. Going forwards (with effect from this net asset value
announcement), ex-income net asset value calculations will be
calculated on the basis set out in the note above. For information
purposes only, the 31 August 2016 ex-income net asset value of the
Company announced on 29 September 2016 was US$15.41 (GBP11.73)
calculated on this basis.
No changes have been made to the basis on which the cum-income
net asset value of the Company is calculated.
This document is for information purposes only and is not an
offer to invest. All investments are subject to risk. Past
performance is no guarantee of future returns. Prospective
investors are advised to seek expert legal, financial, tax and
other professional advice before making any investment decision.
The value of investments may fluctuate. Results achieved in the
past are no guarantee of future results.
For further information about this announcement contact:
Capita Company Secretarial
Services Limited Tel: +44 (0)20 7954
9531
Secretary
Ranger Alternative Management via Redleaf Communications
II, LP
Scott Canon
Bill Kassul
Media enquiries
Redleaf Communications
Rebecca Sanders-Hewett
David Ison +44 (0)20 7382 4730
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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