Real Estate Credit Investments Ltd Notice of Results (9008E)
12 May 2017 - 4:00PM
UK Regulatory
TIDMRECI TIDMRECP TIDMTTM
RNS Number : 9008E
Real Estate Credit Investments Ltd
12 May 2017
This announcement contains inside information.
Date and time of release: 12 May 2017, 7:00 am
Notice of Results for the Year Ended 31 March 2017
Real Estate Credit Investments Limited
Real Estate Credit Investments Limited (LSE: RECI, RECP) will be
announcing its results for the year ended 31 March 2017 on Friday
16 June 2017. A results presentation will be available on the Real
Estate Credit Investments Limited website
(www.recreditinvest.com).
For further information please contact:
Richard Crawley / Richard +44 (0)20
Broker: Bootle (Liberum Capital) 3100 2222
Investor +44 (0)20
Relations: Nicole von Westenholz (Cheyne) 7968 7482
About the Company:
Real Estate Credit Investments Limited (the "Company") is a
non-cellular company incorporated in Guernsey, having converted
from a protected cell company called Real Estate Credit Investments
Limited PCC on 25 October 2016.
The Company's 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. The Company has adopted a long term strategic
approach to investing and focuses on identifying value in real
estate debt. In making these investments the Company uses the
expertise and knowledge of its Alternative Investment Fund Manager
("AIFM") or ("Investment Manager"), Cheyne Capital Management (UK)
LLP ("Cheyne").
The RECI Ordinary Shares (ticker RECI) reflect the performance
of the Company's 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 currently
provided by the RECI Preference Shares (ticker RECP) which confer
the right to a preferential cumulative preference dividend of 8 per
cent per annum 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 Current Preference
Shares are scheduled to be redeemed on 18 September 2017.
This announcement includes statements that are, or may be deemed
to be, "forward-looking statements". These forward-looking
statements can be identified by the use of forward-looking
terminology, including the terms "believes", "forecasts",
"estimates", "anticipates", "expects", "intends", "considers",
"may", "will" or "should". By their nature, forward-looking
statements involve risks and uncertainties and readers are
cautioned that any such forward-looking statements are not
guarantees of future performance. The Company's actual results and
performance may differ materially from the impression created by
the forward-looking statements and should not be relied upon. The
Company undertakes no obligation to publicly update or revise
forward-looking statements, except as may be required by applicable
law and regulation (including the Listing Rules). Past performance
of the Company cannot be relied on as a guide to future
performance. In this section, unless otherwise defined, capitalised
terms have the meaning given to them in the Company's prospectus
dated 22 February 2017.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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