RM Secured Direct Lending PLC Dividend reclassification (9181I)
December 17 2020 - 1:01AM
UK Regulatory
TIDMRMDL TIDMTTM
RNS Number : 9181I
RM Secured Direct Lending PLC
17 December 2020
RM Secured Direct Lending Plc
("RMDL" or the "Company")
LEI: 213800RBRIYICC2QC958
Dividend reclassification
On 2 November 2020, the Company declared an interim dividend of
1.625 pence per ordinary share in respect of the period from 1 July
2020 to 30 September 2020.
The Company's Tax Adviser has subsequently provided the
Company's annual tax computation for the Company's 2019 financial
year and it has come to light that due to taxable income being
higher than expected for 2019, the Company may be liable to pay
additional corporation tax. The Company believes that this tax
liability is immaterial.
To reduce this taxable income and negate the additional tax
liability for 2019, the Company's interim dividend of 1.625 pence
per ordinary share as previously announced on 2 November 2020 has
been reclassified as follows:
0.258 pence per ordinary share in respect of the period from 1
July 2020 to 30 September 2020
1.367 pence per ordinary share in respect of the period from 1
January 2019 to 31 December 2019
As a result of the reclassification any additional tax for this
year is expected to be minimal and addressed in 2021.
END
For further information, please contact:
RM Funds - Investment Manager
James Robson
Pietro Nicholls 0131 603 7060
N+1 Singer Advisory LLP - Financial Adviser
and Broker
James Maxwell
Carlo Spingardi 020 7496 3000
Peel Hunt LLP - Financial Adviser and Broker
Luke Simpson
Liz Yong 0207 418 8900
Tulchan Communications LLP - Financial PR 0207 353 4200
Elizabeth Snow rmdl@tulchangroup.com
Deborah Roney
PraxisIFM Fund Services (UK) Limited - Administrator
and Company Secretary
Brian Smith
Ciara McKillop 0204 513 9260
About RM Secured Direct Lending
RM Secured Direct Lending Plc is a closed-ended investment trust
established to invest in a portfolio of secured debt instruments.
The Company aims to generate attractive and regular dividends
through loans sourced or originated by the Investment Manager with
a degree of inflation protection through index-linked returns where
appropriate. Loans in which the Company invests are predominantly
secured against assets such as real estate or plant and machinery
and/or income streams such as account receivables.
About RM Capital Markets Limited
RM Funds is a trading name of RM Capital Markets Limited, the
Investment Manager to RM Secured Direct Lending PLC and VT RM
Alternative Income Fund. RM Capital is a specialist in alternative
fund management, sales & trading, foreign exchange, and capital
markets and advisory. Founded in 2010, with offices in Edinburgh,
and London, it has transacted in excess of GBP50 billion of bonds
and loans since its inception, and advised or originated,
structured and managed the due diligence process for over GBP1
billion of Sterling credit transactions and approximately EUR700
million of Euro based transactions in each case since 2012.
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END
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