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Peer2Peer Finance News | June 26, 2019

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investment trust

Old RDL board ‘failed to manage platform exposures’

June 18, 2019 |

THE PREVIOUS board of RDL Realisation failed to prudently manage and monitor platform exposures, the investment trust claims.

The fund, previously named Ranger Direct Lending, has claimed in its delayed annual report that established practices within the lending industry were … Read More

Augmentum Fintech unveils £30m share offer

June 14, 2019 |

AUGMENTUM Fintech has unveiled plans for a new share issue to raise approximately £30m.

The fintech-focused investment trust, which has Zopa as its largest holding, is to issue 26,785,714 ordinary shares priced at 112p each and may increase the offering … Read More

Funding Circle investment trust secures backing for closure

June 11, 2019 |

SHAREHOLDERS in Funding Circle’s dedicated investment trust have backed winding down the fund.

An extraordinary general meeting (EGM) was held this morning, where it was agreed that the investment objective and policy of the fund be modified to facilitate a … Read More

Augmentum Fintech seeks backing for 150m share issue

June 11, 2019 |

ZOPA-backer Augmentum Fintech is set to seek shareholder approval to issue a further 150m of shares over the next 18 months to back £450m worth of potential investments.

The fintech-focused investment trust’s shareholders will be able to vote on the … Read More

Funding Circle investment trust asks shareholders to approve wind-down plans

May 22, 2019 |

FUNDING Circle is set to begin a managed wind-down of its dedicated investment trust, the Funding Circle SME Income Fund (FCIF), once it gets the green light from shareholders.

The FTSE 250-listed peer-to-peer business lender said last month that shareholders … Read More

Honeycomb NAV stays sweet for April

May 21, 2019 |

HONEYCOMB Investment Trust has maintained its record net asset value (NAV) return for April.

The alternative-finance focused fund posted an NAV return of 0.67 per cent, a five-month high and level with its March performance.

The fund is now up … Read More

Trade body categorises P2P funds differently as part of wider revamp

May 8, 2019 |

PEER-TO-PEER and alternative finance-focused investment trusts will be categorised differently by  the Association of Investment Companies (AIC) as part of an overhaul of the trade body’s investment company sectors.

The AIC is making the changes following a year-long review and … Read More

RDL suspends share trading due to account delays

April 29, 2019 |

SHARES in RDL Realisation have been temporarily suspended as the company was late in filing its annual report.

The alternative finance-focused investment trust, which rebranded from Ranger Direct Lending in February, said that the report was delayed due to a … Read More

Consumer P2P loans weigh on P2PGI fund returns

April 24, 2019 |

P2P Global Investments (P2PGI) has warned that its legacy peer-to-peer lending portfolio continues to be more volatile than expected despite posting an improved net asset value (NAV) return for 2018.

P2PGI – the world’s first P2P-focused investment trust – revealed … Read More

VPC Specialty Lending reports small capital loss in February

March 28, 2019 |

VPC Specialty Lending reported rising revenues but a capital loss in February as it continues with its share buyback programme designed to narrow the trust’s discount.

The alternative finance-focused investment company delivered a net return of 0.46 per cent during … Read More