Real Estate Credit Investments Ltd Fact Sheet Announcement (1842W)

TIDMRECI

RNS Number : 1842W

Real Estate Credit Investments Ltd

14 April 2023

This announcement contains inside information

Date and time of release: 14 April 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 31 March 2023 is now available on the Company's website at:

https://www.recreditinvest.com/investors/fact-sheets/

The highlights of the monthly update are provided below:

 
   --   NAV as at 31 March 2023 was GBP1.469 per share, representing 
         a decrease of 3.6p per share from the 28 February 2023 NAV of 
         GBP1.505 per share. 
   --   The change in NAV per share was due to: 
              --    the payment of the second interim dividend of 3.0p, which 
              --     went ex-dividend in March 
              --     1.1p of net interest income 
                     1.7p of net mark to market losses on the bond portfolio, 
                     resulting principally from heightened volatility in two 
                     bonds held by the Company. The Investment Manager remains 
                     confident in the credit quality and the benefits of the 
                     short duration of the Company's bond portfolio 
   --   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. 
 

For further information please contact:

 
                        Richard Crawley / Darren Vickers    [phone] 
 Broker:                 (Liberum Capital)                       2222 
                                                            [phone] 
 Investment Manager:    Richard Lang (Cheyne)                    7328 
 

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April 14, 2023 02:00 ET (06:00 GMT)