REG - Real Est Crd InvsLtd - Fact Sheet Announcement

Real Estate Credit InvestmentsAnnouncement

12/05/2023 07:15

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RNS Number : 1638Z  Real Estate Credit Investments Ltd  12 May 2023

This announcement contains inside information

 

Date and time of release: 12 May 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 30 April 2023 is now available on the Company's
website at:

 

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
(https://gbr01.safelinks.protection.outlook.com/?url=https%3A%2F%2Frealestatecreditinvestments.com%2Finvestors%2Ffact-sheets%2F%23currentPage%3D1&data=05%7C01%7CKitten.Ozanne%40aztecgroup.co.uk%7Cc57d48098cc044cef33c08db46fca8cf%7C5f75785019e44329bc48045f1fe3eecd%7C0%7C0%7C638181823255240174%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=JzKf39S6BljvT2QFxbzoEHbH6r8sSJr4LQWAgj3xfgk%3D&reserved=0)

 

The highlights of the monthly update are provided below:

 

 ·         NAV as at 30 April 2023 was £1.480 per share, representing an increase of
           1.1p per share from the 31 March 2023 NAV of £1.469 per share
 ·         The change in NAV per share was primarily due to receipt of net interest
           income
 ·         During the month the Company continued the rotation of the market bond
           portfolio into the funding of existing strong senior loans with attractive
           returns
 ·         At 30 April 2023, the Company's balance sheet leverage net of cash was 9.7%
           and net effective leverage, including contingent liabilities being the partial
           recourse guarantees provided to certain asset level structured finance
           counterparties, was 10.8%. The Company had £59.7m borrowings, £26.7m cash
           and £3.6m contingent liabilities (representing 25% of asset level borrowings
           subject to partial recourse)
 ·         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
 ·         The Investment Manager has released its latest Company Update presentation
           today (12 May), which is available on the Company's website

 

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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