RDL Realisation PLC Portfolio Update (5976J)

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RNS Number : 5976J

RDL Realisation PLC

23 December 2020

23 December 2020

   RDL  Realisation   Plc 

("RDL" or the "Company")

Portfolio Update

The Company today provides the following update on its investment portfolio as of 30 November 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 30 November 2020:

 
     Platform                            30/11/2020           31/10/2020 
                                        (USD million)        (USD million) 
 
     SME/CRE Loans Platform                 $4.1                 $4.1 
     Vehicle Services Contract 
      Platform                              $0.2                 $0.2 
     Real Estate Loans Platform             $7.8                 $7.8 
     International SME Lending 
      Platform                              $0.4                 $0.6 
 
 
     Portfolio Total                       $12.5                $12.7 
 
     Cash held by RDL                           $ 6.9                $ 6.7 
 
     Grand Total                                $19.4                $19.4 
 

Significant Events during November 2020:

We received a collection of approximately $250k CAD from the International SME Lending Platform.

Significant Events since 30 November 2020:

The Vehicle Services Contract Platform has experienced financial improvement during the year. As a result of this improvement, the valuation of this exposure, as determined by an independent third party valuer, has been increased to US$3.7 million as of 11 December 2020, representing a gain of approximately US$3.5 million.

On 10 December 2020, the Directors of the Company declared a special dividend of GBP0.16 per ordinary share (equivalent US$0.21 per ordinary share) (the "Special Dividend"). The Special Dividend will be paid on 15 January 2021 to shareholders on the register as of 18 December 2020. The ex-dividend date was 17 December 2020. The Company elected to designate all of the Special Dividend as a dividend distribution to its shareholders.

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

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December 23, 2020 02:00 ET (07:00 GMT)