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 £1.480 per share, representing an increase of 1.1p per share from the 31 March 2023 NAV of £1.469 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 £59.7m borrowings, £26.7m cash and £3.6m 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:
| Broker: | Richard Crawley / Darren Vickers (Liberum Capital) | +44 (0)20 3100 2222 |
| Investment Manager: | Richard Lang (Cheyne) | +44 (0)20 7968 7328
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