Ranger Direct outlines Argon hit to NAV

Writer, Stock Market Wire
Friday, December 15, 2017 - 09:09

Ranger Direct Lending Fund said it would take an additional reserve of $9.1m against its indirect investment in Argon, which declared bankruptcy.

The company said it currently expects this additional reserve would result in an approximate further decrease of 3.8% in its net asset value per share, calculated as at 30 September 2017.

The reserve would be included in the October 31 NAV, to be published shortly, it said.

At 9:09am: (LON:RDL) Ranger Direct Lending Fund Plc share price was -10.75p at 701.25p

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