Peer2Peer Finance News
The UK's first peer-to-peer finance magazine for investors and the industry
  • Home
  • News
    • Personal Finance News
    • Industry News
    • SME News
    • Global News
  • Property
  • IFISA
    • IFISA Guide
  • Video
  • Open Banking
  • Cryptocurrency
  • Features
    • Joint Ventures and Promoted Content
  • Comment & Analysis
  • What is P2P?
  • Partners
  • Events
    • Past Events
  • P2P Power 50
    • Power 50 2020
    • Power 50 2019
    • Power 50 2018
    • Power 50 2017
  • Sign up to our e-newsletters
  • Magazine
  • Directory
  • Jobs
  • My Account
    • Manage Account
    • Change Password
    • Log In
    • Log Out
shutterstock_1712946259
May 4 2020

RDL increases cash holdings as wind-down progresses

Kathryn Gaw Industry News, News, Top 3 Ranger Direct Lending, RDL, RDL Realisation

Alternative finance-focused investment trust RDL Realisation has increased its cash holdings from $8.7m (£7m) at the end of February, to $12.6m by the end of March, as the trust’s managers continue to wind down the portfolio.

This means that almost one third of RDL’s total portfolio has now been converted into cash, bringing the platform closer to its goal of realising the entirety of the portfolio.

Shareholders can expect to receive a new dividend of £1.06 per share by 19 May 2020, in line with the manager’s pledge to run-off all portfolio holdings and return this cash to its investors.

Read more: RDL reaches agreement over cash distribution with bankrupt holding

The trust’s cash position was increased following a sale of assets in a real estate loans platform, an international business lending platform, and an equipment loans platform.

Approximately $2.7m was collected on the real estate loans platform, and approximately $1.4m was collected on the international business lending platform as a result of ongoing restructuring and negotiations.  This included a recovery of a previously charged off amount of approximately $500,000.

Read more: RDL accepts further price revision to settle Princeton dispute

These adjustments have taken the portfolio’s overall value to $42.1m, up from $41.9m the previous month.

Since the portfolio was updated on 31 March, RDL has agreed a final settlement distribution of almost $13.5m from Princeton Alternative Income.

Princeton entered a bankruptcy agreement in mid-March, while RDL’s settlement was announced in early April.

Read more: Ranger Direct Lending: What really happened

EstateGuru launches £1.7m funding round on Seedrs P2P platforms should be able to offer the Bounce Back Loan scheme, industry argues

Related Posts

Double exposure of man and woman working together and forex chart hologram. Business concept. Computer background.

Features, Joint Ventures and Promoted Content, Top 3

Nibble – an ideal crowdlending platform to obtain high passive income

Homepage of fca org website on the display of PC, url - fca.org.uk.

Industry News, News, Top 3

FCA boosts ESG and technology knowhow with three new recruits

Rishi Sunak

Industry News, News, Top 3

Chancellor unveils raft of measures for fintech sector

Popular posts:

  • Metro Bank starts offering RateSetter loans in its branches
  • Business Loan Network appoints administrators
  • Assetz Capital launches new bridging product
  • Funding Circle chief turns down £190,000 pay rise
  • PwC brings fintechs together for collaboration
  • FCA director says “there is more change to come”
Back To Top
  • Home
  • Contact
  • About
  • Team
  • Advertising
  • Subscribe
  • Privacy
  • T&Cs
  • Disclaimer

Follow Us on Social Media

© Peer2Peer Finance News 2020
• Additional design by