RM Secured Direct Lending (Ord Income) RMDL

Sector Specialist: Securitised Debt

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Estimated NAV

99.00

Share Price

N/A

Total Returns on £1000 over 

Fund / Benchmark Total returns(%)
RM Secured Direct Lending (Ord Income) Price 5.12%
RM Secured Direct Lending (Ord Income) NAV 6.77%
Total Returns on £1000

Discount / Premium Movement

Discount / Premium Movement

Shares

Share Type Yesterday's
Closing Price
Discount / Premium Diluted NAV Gearing Dividend
Est Last
Ordinary Share 101.5 3.8% 98.00 98.00
28 Feb
100% 4.14%
ZDP 2021 101.5 0.8% 101.00 100.00
30 Apr
100% n/a%
Ord Income 101.5 2.4% 99.00 99.00
31 May
113% 6.40%

Discrete performance % over

Fund / BenchmarkQ1Q2Q3Q4
RM Secured Direct Lending (Ord Income) Price5.12
RM Secured Direct Lending (Ord Income) NAV6.77

Discrete performance over

Discrete Performance

Top 10 Holdings

Asset finance 10.40%
Out-of-Home advertising 9.79%
Payroll software provider 8.89%
Automotive 8.08%
Renewable energy 6.24%
Student Accommodation 5.74%
Insurance Company 5.26%
Power plant 5.20%
Care provider 5.11%
Care provider 3.90%

Sectors weighting

Debt - General 139.00%
Net Current Assets -39.00%
  • Investment trust info:

  • Sector Sector Specialist: Securitised Debt
  • Launch Date 15 Dec 2016
  • Currency GBX
  • Domicile UK
  • Share Price N/A
  • Share Type Ord Income
  • TIDM RMDL
  • ISIN GB00BYMTBG55
  • Shares Issued (M) 87
  • Market Capital (£M) 88.73
  • Gross Assets (£M) 97.59
  • Net Assets (£M) 86.64
  • TER (%)  
  • Historic Dividend Yield (%) 6.40
  • TAV 96.70
  • GRY 2.80
  • Wind-up date 06 Apr 2021
  • Last AGM 19 Apr 2018
  • Next AGM 19 Apr 2019
  • Last Annual Report Date  
  • Next due Report Date  
  • Next due Report Type I/R
  • Objective:

    To generate dividends by investing in secured debt instruments of UK SMEs and mid-market corporates including any loan, promissory notes, lease, bond, or preference share sourced or originated by the Investment Manager.

  • Management Group(s):

  • RM Capital Markets Limited
  • Managed by:

  • James Robson Start: 15 Dec 2016
  • Pietro Nicholls Start: 15 Dec 2016
  • Management Contract & Fees:

    The Investment Manager receives a management fee payable monthly in arrears. Where the prevailing NAV is equal to or in excess of £75 million, the Investment Manager shall be entitled to a fee calculated at the rate of 0.875% p.a. of the prevailing NAV. Where the prevailing NAV is less than £75 million, the Investment Manager shall be entitled to a fee calculated at the rate of 0.50% p.a. of the NAV. 50% of the management fee received by the Investment Manager will be reinvested into the Shares for the first three years following Admission. No performance fee will be payable by the Company to the Investment Manager.