May 4 (Reuters) - Oaktree:
    * OAKTREE RELEASES AN OPEN LETTER TO RANGER SHAREHOLDERS
FOLLOWING
PROPOSAL FROM RDL BOARD TO APPOINT ARES AS INVESTMENT MANAGER
    * EXPRESS "DEEP DISAPPOINTMENT" WITH RANGER DIRECT BOARD
PROPOSAL
TO APPOINT ARES MANAGEMENT AS ITS NEW INVESTMENT MANAGER
    * RANGER'S BOARD MADE NO ATTEMPT TO RESPOND TO VALID
FUNDAMENTAL
CONCERNS RAISED IN PUBLICLY-RELEASED APRIL 11 LETTER
    * CONTINUE TO BELIEVE THAT WIND-DOWN REPRESENTS CLEAR BEST
OPTION
FOR SHAREHOLDERS

Source text for Eikon:  ID:nBw1K6j69a 
Further company coverage:  RDL.L 

 ((Reuters.Briefs@thomsonreuters.com;))