REG - Real Est Crd InvsLtd - Fact Sheet Announcement

Real Estate Credit InvestmentsAnnouncement

10/06/2024 07:00

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RNS Number : 6815R  Real Estate Credit Investments Ltd  10 June 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 31 May 2024 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 May 2024, the Company was invested in a diversified portfolio of 28
                              investments with a valuation of £310.5m.
 -                            During the month, RECI was fully repaid at par its position in a senior loan
                              secured against later living portfolio in the United Kingdom. RECI received
                              c.£4.2m (net of leverage) and achieved an unlevered gross IRR 9.3%.
 -                            Cash Balance as at 31 May 2024 was £21.7m. Net effective leverage is 1.7%.
 -                            RECI continues to use its cash to invest into its existing loan commitments.
 -                            A full attribution of changes in the NAV per share is presented in the table:

 

 April NAV         145.9p
 Interest income   0.9p
 Asset valuations  0.5p
 FX                0.0p
 Expenses          -0.2p
 May NAV           147.1p

 

 

For further information please contact:

 

 Broker:              Darren Vickers / Edward Mansfield (Liberum Capital)         +44 (0)20 3100 2222
 Investment Manager:  RECIIR@cheynecapital.com (mailto:RECIIR@cheynecapital.com)  +44 (0)20 7968 7450
                      (Cheyne)

 

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