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BRIEF-Oaktree Says Urges Ranger Board To Recommend Wind-Down Of RDL

Tue 24th April, 2018 2:53pm
April 24 (Reuters) - Oaktree Capital Management: 
    * OAKTREE SENDS LETTER TO RANGER BOARD OF DIRECTORS
REGARDING
STRATEGIC REVIEW
    * OAKTREE CAPITAL MANAGEMENT SAYS FUNDS MANAGED BY IT, AN
18.56%
SHAREHOLDER OF RANGER DIRECT LENDING FUND, SENT A LETTER TO
RANGER BOARD ON APRIL 11
    * OAKTREE SAYS COME TO CONCLUSION RANGER DIRECT LENDING
SHAREHOLDERS' INTERESTS ARE BEST SERVED BY WINDING DOWN CO,
RETURNING CAPITAL TO SHAREHOLDERS
    * OAKTREE CAPITAL MANAGEMENT - URGES RANGER BOARD TO
RECOMMEND
WIND-DOWN OF RDL AS PREFERRED OPTION IN ONGOING STRATEGIC REVIEW
PROCESS
    * OAKTREE - WILLING TO SUPPORT RDL WIND-DOWN EFFORT BY
NOMINATING
UP TO 2 NONEXECUTIVE DIRECTORS TO JOIN BOARD AT RANGER'S
INVITATION

Source text for Eikon:  ID:nBw90CG7ya 
Further company coverage:  RDL.L 

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