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
| - | As at 29 February 2024, the Company was invested in a diversified portfolio of 32 investments with a valuation of £306.2m. |
| - | 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. |
| - | RECI continues to use its cash to invest in its existing commitments in highly accretive wider opportunities in senior mortgage lending. |
| - | Cash Balance as at 29 February 2024 was £28.7m. |
| - | A full attribution of changes in the NAV per share is presented in the table: |
| January NAV | 145.5p |
| Interest income | 0.8p |
| Asset valuations | 0.4p |
| FX | 0.1p |
| Expenses | (0.2)p |
| February NAV | 146.6p |
For further information please contact:
| Broker: | Richard Crawley / Edward Mansfield (Liberum Capital) | +44 (0)20 3100 2222 |
| Investment Manager: | Richard Lang (Cheyne) | +44 (0)20 7968 7328 |
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