13th Nov 2015 10:26
LONDON (Alliance News) - Ranger Direct Lending Fund PLC on Friday said it estimates that it achieved net asset value growth of 0.51% in October.
In addition, the company said it had deployed about 77% of the proceeds of its initial public offering as of November 11.
It expects full deployment of its equity capital by early December. The company raises GBP135.0 million in its initial public offering in April.
The update came as the company said it will be holding meetings with investors in the coming days.
Earlier in November the company said it plans to raise up to GBP135.0 million through an issue of C shares, a separate share class.
Ordinary shares in the company were up 0.2% at 1,029.00 pence on Friday morning.
By Samuel Agini; [email protected]; @samuelagini
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