Ranger Direct Lending Fund PLC Proposed ZDP Share Issue

06/06/2016

Ranger Direct Lending Fund PLC Proposed ZDP Share Issue

As referred to in the Company's monthly update dated 1 February 2016, the Board has been actively considering ways of diversifying its capital base including considering issuing fixed return securities.

The Company today announces that, following consultation with potential investors, it intends to raise up to £30 million through a placing of zero dividend preference shares ("ZDP Shares"). The Company currently expects the ZDP Shares to be issued with a 5 year term and a gross redemption yield of 5% per annum. The proposed fundraising is anticipated to take place around the end of July 2016, subject to prevailing market conditions and investor demand.