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Peer2Peer Finance News | November 16, 2018

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Ranger Direct

Ranger Direct ZDP share class backs new strategy

November 15, 2018 |

RANGER Direct Lending (RDL) has secured backing from the board of its zero-dividend preference (ZDP) share class for its new investment policy ahead of its general meeting on 16 November.

Shareholders are set to vote on the beleaguered fund’s new … Read More

Ranger Direct investment manager brings departure date forward

November 13, 2018 |

RANGER Direct Lending’s (RDL) investment manager has terminated its agreement early to run the alternative finance-focused fund, which is in the process of being wound down.

Ranger Alternative Management, which manages the RDL portfolio, has said it intends to step … Read More

Court backs Ranger Direct’s call for independent trustee in Princeton bankruptcy

November 7, 2018 |

AN INDEPENDENT trustee is set to be appointed to assume management and control of beleaguered Ranger Direct Lending’s (RDL) Princeton holding.

Alternative finance-focused investment trust RDL has been locked in legal wrangles with its Princeton holding since last year, initially … Read More

Ranger Direct Lending rejects Princeton bankruptcy resolution

October 23, 2018 |

RANGER Direct Lending (RDL) has rejected an attempt by its Princeton holding to appoint an independent restructuring officer as the dispute between the two fund houses continues.

Alternative finance-focused investment trust RDL has been locked in legal wrangles with its … Read More

Refreshed Ranger board to ‘aggressively pursue’ Princeton holding

July 19, 2018 |

THE NEW Ranger Direct Lending (RDL) board has said it will “aggressively pursue” all legal avenues in the investment trust’s ongoing proceedings with its Princeton holding.

RDL has been in a legal dispute over Princeton’s level of exposure to bankrupt lender … Read More

Ranger Direct Lending: What really happened

July 17, 2018 |

AT ITS annual shareholder meeting on 19 June, Ranger Direct Lending (RDL) began the process of winding down its alternative lending fund, just three years after it was launched on the London Stock Exchange.

The previous day, three of the fund’s … Read More

Refreshed Ranger Direct Lending board readies for wind up

June 20, 2018 |

THREE directors nominated by rebel Ranger Direct Lending (RDL) shareholders have been voted onto the investment trust’s board.

RDL has been in an ongoing dispute with two of its main shareholders, Oaktree Capital Management and LIM Advisers, amid concerns about … Read More

Rebel Ranger Direct investor issues new plea for board changes

June 7, 2018 |

RANGER Direct Lending (RDL) investors’ mailboxes continue to fill up with open letters, with LIM Advisors issuing a rallying call for shareholders to back its vision for the beleaguered investment trust.

LIM Advisors, which holds 9.2 per cent of shares … Read More

Pressure mounts for Ranger board overhaul

June 6, 2018 |

INFLUENTIAL shareholder adviser Glass Lewis has recommended investors in the Ranger Direct Lending (RDL) fund support the installation of two new board members but oppose the removal of chairman Christopher Waldron.

RDL has been locked in dispute with key investors … Read More

Ranger Direct hits back at shareholders ‘imposing own agenda’

May 8, 2018 |

RANGER Direct Lending (RDL) has accused two of its shareholders of attempting to impose their own agenda on the future of the investment trust.

It comes as Oaktree Capital issued a third letter to RDL expressing disappointment over performance and … Read More