Real Estate Credit Investments Ltd Fact Sheet Announcement (1842W)
14 April 2023 - 4:00PM
UK Regulatory
TIDMRECI
RNS Number : 1842W
Real Estate Credit Investments Ltd
14 April 2023
This announcement contains inside information
Date and time of release: 14 April 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 31
March 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 31 March 2023 was GBP1.469 per share, representing
a decrease of 3.6p per share from the 28 February 2023 NAV of
GBP1.505 per share.
-- The change in NAV per share was due to:
-- the payment of the second interim dividend of 3.0p, which
-- went ex-dividend in March
-- 1.1p of net interest income
1.7p of net mark to market losses on the bond portfolio,
resulting principally from heightened volatility in two
bonds held by the Company. The Investment Manager remains
confident in the credit quality and the benefits of the
short duration of the Company's bond portfolio
-- 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:
Richard Crawley / Darren Vickers +44 (0)20 3100
Broker: (Liberum Capital) 2222
+44 (0)20 7968
Investment Manager: Richard Lang (Cheyne) 7328
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