puddleduck
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Post by puddleduck on Jun 14, 2018 13:06:31 GMT
I've had RDL in my SIPP for a long while and been it's been an excellent performer for returns over all, I know a few of us here have been holding RDL / FCIF or similiar in SIPP or S&S ISAs too.
I see there seem to be plans to wind this down. It sounds to me as if there could be a distribution to share holders if this comes to pass, which on the surface seems like good news. But I'll miss the fund and its solid returns when it eventually winds down.
Are there any other SIPP friendly funds like RDL / FCIF I've missed I should consider to replace it?
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macq
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Post by macq on Jun 14, 2018 13:22:58 GMT
I've had RDL in my SIPP for a long while and been it's been an excellent performer for returns over all, I know a few of us here have been holding RDL / FCIF or similiar in SIPP or S&S ISAs too. I see there seem to be plans to wind this down. It sounds to me as if there could be a distribution to share holders if this comes to pass, which on the surface seems like good news. But I'll miss the fund and its solid returns when it eventually winds down. Are there any other SIPP friendly funds like RDL / FCIF I've missed I should consider to replace it? Not sure how recent your news is but i did see about 2 weeks back that the managers of the trust were trying to fight off investors so maybe its moved on.I did read an article about this type of fund such as RDL a few months back in Citywires online magazine.No good at links but if you search "Alt income your guide to P2P & direct lending funds" Citywire - you should get the page with the link to that issue of the magazine
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mary
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Post by mary on Jun 14, 2018 13:31:54 GMT
VSL and P2P, both trade at a discount to NAV. Dividends are lower, but rising at VSL.
I'm avoiding FCIF as it trades at a premium to NAV.
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puddleduck
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Post by puddleduck on Jun 14, 2018 13:38:57 GMT
VSL and P2P, both trade at a discount to NAV. Dividends are lower, but rising at VSL. I'm avoiding FCIF as it trades at a premium to NAV. Thanks, I'll looking into those two. I've not been hugely impressed with FCIF too be honest, I bought into these before IFISAs were commonplace to take advantage of the tax free shelter in my SIPP. RDL has been great, I think FCIF returns about 5% last time I checked.
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Post by samford71 on Jun 14, 2018 21:28:19 GMT
I've had RDL in my SIPP for a long while and been it's been an excellent performer for returns over all, I know a few of us here have been holding RDL / FCIF or similiar in SIPP or S&S ISAs too. I see there seem to be plans to wind this down. It sounds to me as if there could be a distribution to share holders if this comes to pass, which on the surface seems like good news. But I'll miss the fund and its solid returns when it eventually winds down. Are there any other SIPP friendly funds like RDL / FCIF I've missed I should consider to replace it? Platform Direct Lending Funds : FCIF, RDL, VSL, P2P, HONY (Honeycomb IT), Secured Direct Lending Funds: HWSL (Hadrian's Wall Secured Investments), RMDL (RM Secured Direct Lending), SSIF (SQN Secured Income) Asset Leasing: SQN (SQN Asset Financing Income) Asset Backed: TFIF (TwentyFour Income), UKML (UK Mortgages) Property Debt: LBOW (ICG Longbow UK Property Debt), RECI (Real Estate Credit Investments), PBLT (TOC Property Backed Lending). I did a summary of a selection of "Income" orientated non-equity funds in this post link this includes most of the above funds plus some others in renewables, infrastructure etc. Most do not have the yield of RDL (but RDL's yield is due to the discount to NAV which occured due to holding Princeton AIF losses etc).
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zlb
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Post by zlb on Jul 9, 2018 19:15:26 GMT
I've had RDL in my SIPP for a long while and been it's been an excellent performer for returns over all, I know a few of us here have been holding RDL / FCIF or similiar in SIPP or S&S ISAs too. I see there seem to be plans to wind this down. It sounds to me as if there could be a distribution to share holders if this comes to pass, which on the surface seems like good news. But I'll miss the fund and its solid returns when it eventually winds down. Are there any other SIPP friendly funds like RDL / FCIF I've missed I should consider to replace it? I've been trying to find out about any distribution to share holders. Do you mind sharing source of info? Is it usually worth holding on to the end?
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mary
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Post by mary on Jul 10, 2018 8:42:22 GMT
I've had RDL in my SIPP for a long while and been it's been an excellent performer for returns over all, I know a few of us here have been holding RDL / FCIF or similiar in SIPP or S&S ISAs too. I see there seem to be plans to wind this down. It sounds to me as if there could be a distribution to share holders if this comes to pass, which on the surface seems like good news. But I'll miss the fund and its solid returns when it eventually winds down. Are there any other SIPP friendly funds like RDL / FCIF I've missed I should consider to replace it? I've been trying to find out about any distribution to share holders. Do you mind sharing source of info? Is it usually worth holding on to the end? With the NAV at £9.46, and the share price ~£8, I'm staying in. The dividend is >10%, and the Capital recovery should be at least £9, so if it's a special dividend or share buybacks as they wind down I see little downside to holding at present.
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zlb
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Post by zlb on Jul 10, 2018 19:57:30 GMT
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Post by notaclue on Jul 11, 2018 19:43:32 GMT
The NAV is considerably lower when you take off the funds held in P********n which is now bankrupt and Ranger have been spending loads of money on just to get sight of how much is left.
I have however taken a small punt and will see what happens!
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mary
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Post by mary on Jul 12, 2018 19:46:23 GMT
The NAV is considerably lower when you take off the funds held in P********n which is now bankrupt and Ranger have been spending loads of money on just to get sight of how much is left. I have however taken a small punt and will see what happens! I think that is incorrect, the NAV excludes Princ**** which was taken as an exceptional bad debt (in two tranches) some months ago, that's when I got in as the share price tanked and went to a substantial discount to remaining NAV.
Therefore, any recovery is upside, which I am not banking on.
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