Real Estate Credit Inv. PCC Ltd Notice of Results (2298X)
18 November 2014 - 6:01PM
UK Regulatory
TIDMRECI TIDMRECP TIDMERII
RNS Number : 2298X
Real Estate Credit Inv. PCC Ltd
18 November 2014
Notice of Results for the Second Quarter Ended 30 September
2014
Real Estate Credit Investments PCC Limited
London, 18(th) November 2014 - Real Estate Credit Investments
PCC Limited (LSE: RECI, RECP, ERII) will be announcing its results
for the second quarter ended 30 September 2014 on Friday, 28
November 2014. There will be a conference call at 10.30 A.M. for
investors and analysts following the 7.00 A.M. announcement.
The conference call can be accessed by dialing +44 (0) 20 3059
8125 ten minutes prior to the scheduled start of the call. Please
reference Real Estate Credit.
A results presentation will be available on the Real Estate
Credit Investments PCC Limited website
(www.recreditinvest.com).
A webcast of the conference call will also be available on a
listen-only basis at www.recreditinvest.com. Please allow extra
time prior to the call to visit the site and download the necessary
software required to listen to the internet broadcast. A replay of
the webcast will be available for three months following the
call.
For further information please contact:
Public Relations:
Henrietta Dehn +44 (0) 20 3540 6455
About Real Estate Credit Investments PCC Limited:
Real Estate Credit Investments PCC Limited is a protected cell
company (the "Company"), being a cellular company governed by the
Companies (Guernsey) Law 2008, comprising a core segment (the
"Core" or "RECI") and a cell segment (the "Cell" or "ERII") each of
which has its own portfolio of assets, investment objective and
sub-section of the Company's Investment Policy.
The RECI Ordinary Shares (ticker RECI LN) reflect the
performance of the Company's Core real estate debt strategy. The
RECI Ordinary Shares are currently listed on the premium segment of
the Official List of the UK Listing Authority and trade on the Main
Market of the London Stock Exchange plc. RECI Ordinary Shares offer
investors a levered exposure to a portfolio of real estate credit
investments and aim to pay a quarterly dividend. Such leverage is
provided by the RECI Preference Shares (ticker RECP) which confer
the right to a preferential cumulative preference dividend (which
is an amount in Sterling equal to 8 per cent per annum of the
Preference Share Notional Value) payable quarterly on each Payment
Date. The RECP Preference Shares are currently listed on the
standard segment of the Official List of the UK Listing Authority
and trade on the Main Market of the London Stock Exchange plc.
The real estate debt strategy focuses on secured residential and
commercial debt in the UK and Western Europe, seeking to exploit
opportunities in publicly traded securities and real estate loans.
In making these investments the Company uses the expertise and
knowledge of its investment manager, Cheyne Capital Management (UK)
LLP. The Company has adopted a long term strategic approach to
investing and focuses on identifying value.
The cell within the Company is known as 'European Residual
Income Investments Cell' or 'ERII' (ticker ERII LN). The Cell
Shares trade on the Specialist Fund Market of the London Stock
Exchange plc. Seven Residual Income Positions are attributed to
ERII. Dividends or distributions will only be payable from ERII to
the extent that the asset cover ratio (the Preference Share Cover
Test) for the RECI Preference Shares is satisfied at the Company
level.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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