REG - Real Est Crd InvsLtd - Fact Sheet Announcement

Real Estate Credit InvestmentsAnnouncement

09/11/2023 07:15

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RNS Number : 8611S  Real Estate Credit Investments Ltd  09 November 2023

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 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)

 

As at 31 October 2023, the Company was invested in a diversified, partially
inflation protected portfolio of 36 investments with a valuation of £321.4m.

 

RECI continues to take advantage of the highly accretive wider opportunities
in senior mortgage lending, with continued transition from its Market Bonds
into attractive yielding Senior Loans.  Despite wider market challenges in
October, RECI successfully realised £5.9m (net of repo financing) of value
from its Market Bond portfolio, realising a small loss equivalent to 0.4p per
share against the NAV; these proceeds will be reinvested in senior secured
mortgage loans on attractive terms.

 

Cash Balance as at 31 October 2023 was £22.7m.

 

A full attribution of changes in the NAV per share is presented in the table:

 

 September NAV     147.7p
 Interest income   1.1p
 Asset valuations  (0.4)p
 FX                0.1p
 Expenses          (0.2)p
 October NAV       148.4p

 

 

For further information please contact:

 

 Broker:              Richard Crawley / Edward Mansfield (Liberum Capital)  +44 (0)20 3100 2222
 Investment Manager:  Richard Lang (Cheyne)                                 +44 (0)20 7968 7328

 

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