Ranger Direct Lending Fund Affected by Argon Credit Write-Down

The Ranger Direct Lending Fund is trading at a discount to its NAV in part due to effects from issues at Argon Credit; the Fund had exposure of $28 million to Argon when it announced its bankruptcy in December 2016; while it said the Fund would see little effect from the exposure it has now announced a write-down from holdings in the Princeton Alternative Income fund which was affected by Argon Credit; further developments continue to occur and volatility is expected to continue for the Fund’s share price. Source