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We reviewed RMDL in detail in our initiation report, Predictable revenue streams generating high yield, published on 5 June 2019. RMDL published its interim report on 14 August. The June NAV was known so the Chairman’s positive tone and priorities were most interesting. “We remain disciplined in our approach to steadily growing the Company … objective to improve liquidity … for Investors, increase the portfolio diversity and ... to reduce the ongoing charges ratio. Overall, we believe that the investment opportunity in secured debt remains significant ... and we are confident of the Investment Manager’s ability to generate stable attractive returns for Investors.”
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