TIDMRDL

RNS Number : 8223L

RDL Realisation PLC

04 May 2020

4 May 2020

   RDL  Realisation   Plc

("RDL" or the "Company")

Portfolio Update

The Company today provides the following update on its investment portfolio as of 31 March 2020. All

figures   are unaudited and based on  management accounts.

The table below is an unaudited summary of the Company's investment portfolio and cash position as of 31 March 2020:

 
     Platform                            31/03/2020           29/02/2020 
                                        (USD million)         (USD million 
                                                                   ) 
 
     SME/CRE Loans Platform                 $5.1                 $5.1 
     Vehicle Services Contract 
      Platform                              $0.2                 $0.2 
     Real Estate Loans Platform             $9.0                $11.7 
     Princeton                             $13.5                $13.5 
     International SME Lending 
      Platform                              $1.6                 $2.5 
     Equipment Loans Platform               $0.1                 $0.2 
 
     Portfolio Total                       $29.5                $33.2 
 
     Cash held by RDL                           $12.6                 $8.7 
 
     Grand Total                                $42.1               $41.9

Significant Events during March 2020:

Approximately $2.7 USD million was collected on the Real Estate Loans Platform.

Approximately $1.4 USD million cash was collected on the International SME Lending Platform as a result of ongoing restructuring and negotiations. This included a recovery of a previously charged off amount of approximately $500,000 USD.

Significant Events since 31 March 2020:

The final Princeton settlement distribution to RDL of $13,483,500 USD was received on 2 April 2020.

On 7 April, the directors declared a further dividend of GBP1.06 per share which will be paid on 19 May 2020 to shareholders on the register as of 17 April 2020.

Approximately $500,000 USD was collected on the International SME Lending Platform.

Approximately $460,000 USD was collected on the Real Estate Loans Platform.

Princeton Updates:

On Friday 13 March 2020, the United States Bankruptcy Court entered an Order confirming the Fifth Amended Chapter 11 Plan proposed by the Chapter 11 Trustee in the Princeton Alternative Income Fund bankruptcy case. The Plan was negotiated with the Trustee and other parties-in-interest in the bankruptcy case and was actively supported by RDL. The final settlement distribution to RDL of $13,483,500 USD was received on 2 April 2020.

   For  further   information,  please  contact: 
   Link   Company  Matters  Limited 
   Secretary                                        +44   (0)1392   477571

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

END

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(END) Dow Jones Newswires

May 04, 2020 06:21 ET (10:21 GMT)

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