Ranger Direct Lending Fund has announced that, following consultation with potential investors, it intends to raise up to £30m through a placing of zero dividend preference shares (ZDP Shares). The Company currently expects the ZDP Shares to be issued with a 5 year term and a gross redemption yield of 5% per annum. The company says that the proposed fundraising is anticipated to take place around the end of July 2016 and is subject to prevailing market conditions and investor demand.
Ranger Direct lending looks to raise £30m through a ZDP issue : RDL