- RM Secured Direct Lending, which invests in secured debut instruments, said it generated a total of 2.98% in the first half, including its net asset value and dividends.

During the period, the company paid a first interim dividend for the March quarter of 1.625p per share.

On 7 August, it declared a second interim dividend of 1.625p per share.

'There have been three successful additional capital raises since launch and it is now our intention to focus on the optimisation of the portfolio ahead of further growth,' the company said.

'With this in mind, the investment manager is working on closing strategic transactions over the summer period, which will enhance the overall portfolio yield and allow exposure to lower yielding investments to be reduced.'

'The portfolio is well positioned to benefit from the recent Bank of England decision to increase interest rates by 0.25% to 0.75%.'

At 30 June, the company said its portfolio had grown significantly to 30 debt investments totalling over £106m, which represented around 98% of the committed capital excluding an undrawn credit facility.

At 8:08am: [LON:RMDL] RM Secured Direct Lending Plc share price was 0p at 101.5p

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