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RECP Real Est.Cred P

101.00
0.00 (0.00%)
29 May 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Real Est.Cred P LSE:RECP London Preference Share
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 101.00 0 01:00:00

Real Estate Credit Inv. PCC Ltd Notice of Results (6378M)

08/05/2015 11:28am

UK Regulatory


Real Est.Cred P (LSE:RECP)
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RNS Number : 6378M

Real Estate Credit Inv. PCC Ltd

08 May 2015

Notice of Results for the Year Ended 31 March 2015

Real Estate Credit Investments PCC Limited

London, 8(th) May 2015 - Real Estate Credit Investments PCC Limited (LSE: RECI, RECP) will be announcing its results for the year ended 31 March 2015 on Thursday, 11(th) June 2015. There will be a conference call at 10.30A.M.for investors and analysts following the 7.00 A.M. announcement. The conference call can be accessed by dialing +44 (0)20 3059 8125 ten minutes prior to the scheduled start of the call. Please reference Real Estate Credit.

A results presentation will be available on the Real Estate Credit Investments PCC Limited website (www.recreditinvest.com).

A webcast of the conference call will also be available on a listen-only basis at www.recreditinvest.com. Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the webcast will be available for three months following the call.

For further information please contact:

Public Relations:

Henrietta Dehn +44 (0) 20 3540 6455

About Real Estate Credit Investments PCC Limited:

Real Estate Credit Investments PCC Limited is a protected cell company (the "Company"), being a cellular company governed by the Companies (Guernsey) Law 2008, comprising a core segment (the "Core" or "RECI") and a cell segment (the "Cell" or "ERII") each of which has its own portfolio of assets, investment objective and sub-section of the Company's Investment Policy.

The RECI Ordinary Shares (ticker RECI LN) reflect the performance of the Company's Core real estate debt strategy. The RECI ordinary shares are currently listed on the premium segment of the Official List of the UK Listing Authority and trade on the Main Market of the London Stock Exchange plc. RECI Ordinary Shares offer investors a levered exposure to a portfolio of real estate credit investments and aim to pay a quarterly dividend. Such leverage is provided by the RECI Preference Shares (ticker RECP) which confer the right to a preferential cumulative preference dividend (which is an amount in Sterling equal to 8 per cent per annum of the Preference Share Notional Value) payable quarterly on each Payment Date. The RECP Preference Shares are currently listed on the standard segment of the Official List of the UK Listing Authority and trade on the Main Market of the London Stock Exchange plc.

The real estate debt strategy focuses on secured residential and commercial debt in the UK and Western Europe, seeking to exploit opportunities in publicly traded securities and real estate loans. In making these investments the Company uses the expertise and knowledge of its investment manager, Cheyne Capital Management (UK) LLP. The Company has adopted a long term strategic approach to investing and focuses on identifying value.

The Cell within the Company is known as 'European Residual Income Investments Cell' or 'ERII'. The shares in the Cell (ticker ERII LN) were de-listed at the end of 2014. There is one Residual Income Position remaining as at 31 March 2015. That position has been held at zero value since the ERII Cell was created.

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "forecasts", "estimates", "anticipates", "expects", "intends", "considers", "may", "will" or "should". By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. The Company's actual results and performance may differ materially from the impression created by the forward-looking statements and should not be relied upon. The Company undertakes no obligation to publicly update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules). In this section, unless otherwise defined, capitalised terms have the meaning given to them in the Company's prospectus dated 11 July 2011.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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