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IN BRIEF: RM Secured Direct to change name and investment strategy
Wed, 12th May 2021 15:29
RM Secured Direct Lending PLC - closed-ended investment trust - Plans to change name to RM Social & Environmental Infrastructure Income PLC to match revised investment strategy.
Company is making required filings at Registrar of Company to effect the name change, but expects a delay in Companies House.
All new lending is to be allocated to Social & Environmental Infrastructure assets across six target sectors: Accommodation, Healthcare, Childcare & Education, Clean Energy & Renewables, Waste Management and Energy Efficiency & Carbon Reduction.
Looking ahead, investment manager believes that over 50% of portfolio will be invested in the target sectors by the end of 2021.