24 Oct 2018 17:49
24 October 2018
Ranger Direct Lending Fund plc (the "Company")
Special Dividend
Correction: Special Dividend
This announcement is further to the Special Dividend announcement released on 24 October 2018 at 4.56pm under RNS 0954F and corrects the UK sterling dividend amount per ordinary share as 85 pence per share. The full amended text is shown below.
Further to the announcement made earlier today regarding the sale of the current receivables held by the Company that were originated by the Consumer Receivables Platform (RNS: 0262F), the Directors have approved the distribution of the proceeds of this sale to the Company's shareholders by way of a special dividend.
The Directors of the Company are therefore pleased to declare a Special Dividend of 85 pence per ordinary share (equivalent US$1.10 per ordinary share) (the "Special Dividend").
The Special Dividend will be paid on 16 November 2018 to shareholders on the register as of 2 November 2018. The ex-dividend date is 1 November 2018.
This Special Dividend is in addition to the Q2 2018 dividend which was announced within the Company's Half Year Report on 25 September 2018 and is payable on 8 November 2018.
The Company has elected to designate all of the Special Dividend 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.
For further information about this announcement contact:
Link Company Matters Limited
Secretary
Tel: +44 (0)1392 477 510
24 October 2018
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/.
LEI: 549300VGZSKYQ7C2U221
END OF ANNOUNCEMENT