Ranger Direct Lending Fund PLC Dividend Declaration (3755W)

TIDMRDL

RNS Number : 3755W

Ranger Direct Lending Fund PLC

14 November 2017

Ranger Direct Lending Fund plc (the "Company")

Interim Dividend

The Directors of the Company declare an interim dividend of 21.70 pence per ordinary share (USD equivalent 28.45 cents per ordinary share) for the three month period to 30 September 2017.

The dividend will be paid on 22 December 2017 to shareholders on the register as of 24 November 2017. The ex-dividend date is 23 November 2017.

The Company has elected to designate all of the interim dividend for the period 30 September 2017 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.

Following changes to the withholding tax rules which took effect from 6 April 2017, interest distributions from the Company are no longer subject to withholding on account of income tax. The interim dividend will therefore be paid gross to shareholders.

The last date for elections for the Dividend Reinvestment Plan is 24 November 2017.

For further information about this announcement contact:

Link Company Matters Limited

Secretary

Tel: +44 (0)1392 477 510

14 November 2017

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/.

END OF ANNOUNCEMENT

This information is provided by RNS

The company news service from the London Stock Exchange

END

DIVFFIFADFWSESF

(END) Dow Jones Newswires

November 14, 2017 02:01 ET (07:01 GMT)

Rdl Realisation (LSE:RDL)
Historical Stock Chart
From Apr 2024 to May 2024