Real Estate Credit Investments Ltd Fact Sheet Announcement
11 Mars 2024 - 8:00AM
RNS Regulatory News
RNS Number : 2004G
Real Estate Credit Investments Ltd
11 March 2024
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 29 February 2024 is now available on the
Company's website at:
https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1
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As at 29 February 2024, the Company
was invested in a diversified portfolio of 32 investments with a
valuation of £306.2m.
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During the month, RECI was fully
repaid at par its position in two Spanish deals: firstly, a senior
loan secured against a PBSA development in Pamplona; and secondly,
a senior loan secured against PBSA accommodation in Seville. RECI
received c.£11m net of leverage.
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RECI continues to use its cash to
invest in its existing commitments in highly accretive wider
opportunities in senior mortgage lending.
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Cash Balance as at 29 February 2024
was £28.7m.
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A full attribution of changes in the
NAV per share is presented in the table:
|
January NAV
|
145.5p
|
Interest income
|
0.8p
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Asset valuations
|
0.4p
|
FX
|
0.1p
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Expenses
|
(0.2)p
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February NAV
|
146.6p
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For further information please
contact:
Broker:
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Richard Crawley / Edward Mansfield
(Liberum Capital)
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+44 (0)20
3100 2222
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Investment Manager:
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Richard Lang
(Cheyne)
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+44 (0)20
7968 7328
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