13 Mar 2023 07:00
This announcement contains inside information
Date and time of release: 13 March 2023, 7:00 am
Real Estate Credit Investments Limited
Investment Manager Fact Sheet
Real Estate Credit Investments Limited (the "Company"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 28 February 2023 is now available on the Company's website at:
https://www.recreditinvest.com/investors/fact-sheets/
The highlights of the monthly update are provided below:
· | NAV as at 28 February 2023 was £1.505 per share, representing an increase of 1.0p per share from the 31 January 2023 NAV of 1.495 per share. |
· | The change in NAV per share was due to 1.0p of interest income. |
· | During the month, the fund was fully repaid at par in its position (1.7m EUR factored notional) in an Italian CMBS deal backed by five Italian shopping centres. |
· | In February, a dividend of 3.0p per share was declared, the ex-date was 2 March 2023. |
· | The Company expects to deploy its currently available cash resources in near term commitments and continues to see a growing pipeline of senior loans at attractive floating rates. |
For further information please contact:
Broker: | Richard Crawley / Darren Vickers (Liberum Capital) | +44 (0)20 3100 2222 |
Investment Manager: | Richard Lang (Cheyne) | +44 (0)20 7968 7328
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Real Est.cred (RECI)