Real Estate Credit Investments Ltd Fact Sheet Announcement (8611S)

TIDMRECI

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

As at 31 October 2023, the Company was invested in a diversified, partially inflation protected portfolio of 36 investments with a valuation of GBP321.4m.

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 GBP5.9m (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 GBP22.7m.

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:

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

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November 09, 2023 02:00 ET (07:00 GMT)