Real Estate Credit Investments Ltd Fact Sheet Announcement
09 July 2024 - 4:00PM
RNS Regulatory News
RNS Number : 5644V
Real Estate Credit Investments Ltd
09 July 2024
Real Estate Credit Investments
Limited
Investment Manager Fact
Sheet
Real Estate Credit Investments
Limited (the "Company" or "RECI"), a non-cellular company
incorporated in Guernsey, is pleased to announce that its
Investment Manager's monthly Fact Sheet as at 30 June 2024 is now
available on the Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
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As at 30 June 2024, the Company was
invested in a diversified portfolio of 26 investments with a
valuation of £303.9m.
|
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During the month, RECI was fully
repaid at par its position in a senior development loan secured
against a logistics platform in France. RECI received c.£12.4m of
gross proceeds and achieved an unlevered gross IRR of
7.5%.
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Cash Balance as at 30 June 2024 was
£24.7m. Net effective leverage is 0.7%.
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RECI continues to use its cash to
invest into new and existing loan commitments.
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A full attribution of changes in the
NAV per share is presented in the table:
|
May
NAV
|
147.1p
|
Interest income
|
0.8p
|
Asset valuations
|
-0.1p
|
FX
|
0.1p
|
Buyback
|
0.2p
|
Expenses
|
-0.2p
|
June
NAV
|
147.9p
|
For further information please
contact:
Broker:
|
Darren Vickers (Panmure
Liberum)
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+44 (0)20
3100 2222
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Investment Manager:
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RECIIR@cheynecapital.com
(Cheyne)
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+44
(0)20 7968 7450
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