Real Estate Credit Investments Ltd Fact Sheet Announcement (1638Z)

TIDMRECI

RNS Number : 1638Z

Real Estate Credit Investments Ltd

12 May 2023

This announcement contains inside information

Date and time of release: 12 May 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 30 April 2023 is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1

The highlights of the monthly update are provided below:

 
   --   NAV as at 30 April 2023 was GBP1.480 per share, representing 
         an increase of 1.1p per share from the 31 March 2023 NAV of 
         GBP1.469 per share 
   --   The change in NAV per share was primarily due to receipt of 
         net interest income 
   --   During the month the Company continued the rotation of the market 
         bond portfolio into the funding of existing strong senior loans 
         with attractive returns 
   --   At 30 April 2023, the Company's balance sheet leverage net of 
         cash was 9.7% and net effective leverage, including contingent 
         liabilities being the partial recourse guarantees provided to 
         certain asset level structured finance counterparties, was 10.8%. 
         The Company had GBP59.7m borrowings, GBP26.7m cash and GBP3.6m 
         contingent liabilities (representing 25% of asset level borrowings 
         subject to partial recourse) 
   --   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 
   --   The Investment Manager has released its latest Company Update 
         presentation today (12 May), which is available on the Company's 
         website

For further information please contact:

 
                        Richard Crawley / Darren Vickers    +44 (0)20 3100 
 Broker:                 (Liberum Capital)                       2222 
                                                            +44 (0)20 7968 
 Investment Manager:    Richard Lang (Cheyne)                    7328

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END

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