Real Est Crd InvsLtd - Fact Sheet Announcement

Real Estate Credit Investments

09/11/2022 07:00

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RNS Number : 7295F  Real Estate Credit Investments Ltd  09 November 2022

This announcement contains inside information

 

Date and time of release: 9 November 2022, 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 October 2022 is now available on the Company's
website at:

 

https://www.recreditinvest.com/investors/fact-sheets/
(https://www.recreditinvest.com/investors/fact-sheets/)

 

The highlights of the monthly update are provided below:

 

•     NAV as at 31 October 2022 was £1.490 per share, representing an
increase of 0.7p per share from the 30 September 2022 NAV of 1.483 per share.

 

•     The change in NAV per share was due to:-

•     1.0p of interest income;

•     0.2p of negative mark-to-market ('MTM') adjustments across the
bond portfolio, due to continued yield-widening across bond market; and

•     0.1p of operating costs.

•     During the month of October 2022, RECI committed £45.2m to a
senior development loan to support the development of a student accommodation
facility in London. This deal is floating rate, has an expected yield of
10.6%, an entry LTV of 55% and an expected exit date of December 2025.

 

•     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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