The specialist investment trust is looking to raise the new capital to fund its pipeline of mid-market lending.
The £113m RM Secured Direct Lending trust is looking to raise £10m through the issue of new ordinary shares.
Launched in 2016, the closed-ended fund last raised money in March, with gross proceeds of £11.33m via a C share issue and £10.87m through the issue of Zero Dividend Preference shares (ZDPs).
The price represents a 2.0 per cent premium to the September NAV and a 1.5% discount to the 16 October closing price, according to analysts at Liberum.
The proceeds will be used to pay down the debt on its revolving credit facility, which is fully drawn at £10m and to provide additional capital to fund its pipeline of investments.