StockMarketWire.com - RDL Realisation said it planned to declare another special dividend after it refinanced loans secured by vehicle services contracts.

The company was currently effecting a managed wind down of its portfolio with a view to realising all of its investments.

It had a received a payoff of all outstanding obligations secured by vehicle services contracts, including principal, interest and reimbursable expenses, totalling $27.9m.

RDL said it still had a $4.5m enterprise value loan outstanding to a related entity of the vehicle services contracts platform.

That loan was due in May and the company said it continued to receive monthly interest.

'RDL is in active discussions with the management of the VSC platform to restructure the loan owed in a mutually agreed upon and timely manner,' it added.

'The company intends to announce a further special dividend following the refinancing of the loan.'

'The amount and timing of the special dividend will be determined with regard to the obligations of the company and the maintenance of sufficient reserves.'

'The company will also look to structure its dividend payments to maintain investment trust status for so long as it remains listed.'


At 9:37am: [LON:RDL] Ranger Direct Lending Fund Plc share price was -8.5p at 465.5p



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