Ranger Direct Lending Fund PLC Dividend Declaration (6744O)
November 09 2016 - 1:01AM
UK Regulatory
TIDMRDL
RNS Number : 6744O
Ranger Direct Lending Fund PLC
09 November 2016
Ranger Direct Lending Fund plc (the "Company")
Interim Dividend
The Directors of the Company declare an interim dividend of
27.67 pence per ordinary share (USD equivalent 34.31 cents per
ordinary share) for the three month period to 30 September
2016.
The dividend will be paid on 16 December 2016 to shareholders on
the register as of 18 November 2016. The ex-dividend date is 17
November 2016.
The Company has elected to designate all of the interim dividend
for the period 30 September 2016 as an interest distribution to its
shareholders. In doing so the Company is taking advantage of UK tax
treatment by "streaming" income from interest-bearing investments
into dividends that will be taxed in the hands of shareholders as
interest income.
Investors who are eligible to receive the interest distribution
without deduction of UK tax should complete the Declaration of
Eligibility Form. The form can be found on the Company's website
http://www.rangerdirectlending.uk/.
The last date for elections for the Dividend Reinvestment Plan,
and receipt of the Declaration of Eligibility Form is 18 November
2016.
Since the IPO, shareholders have been given the option to
receive dividends in US Dollars. There has only been a very limited
uptake on US Dollar dividend elections meaning the cost of
continuing to offer an election is not, in the Board's view,
justifiable. As such, with effect from this dividend payment the
Company does not intend to offer an option for payment of the
dividend in US Dollars. If Shareholders wish to receive dividends
in USD in the future, or have concerns about the withdrawal of this
option, they should contact the Company Secretary and the Company
will reconsider reinstating this option if there is sufficient
investor demand in the future.
For further information about this announcement contact:
Capita Company Secretarial Services Limited
Secretary
Tel: +44 (0)20 7954 9531
9 November 2016
Investor information
Further up to date information, including Net Asset Values and
the latest available monthly newsletter and portfolio information,
is provided on the Company's website, which can be accessed via
http://www.rangerdirectlending.uk/.
END OF ANNOUNCEMENT
This information is provided by RNS
The company news service from the London Stock Exchange
END
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