Hardman & Co publication on Real Estate Credit Investments (RECI): Why the discount has been closing and its outlook

Hardman & Co Research Hardman & Co publication on Real Estate Credit Investments (RECI): Why the discount has been closing and its outlook 15-Oct-2024 / 15:25 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Real Estate Credit Investments (RECI): Why the discount has been closing and its outlook RECI’s discount has halved over the past six months. We believe this is due to both actions taken by the trust (with an active buyback programme, changing asset mix and enhanced disclosure of highest-risk positions) and more favourable markets. Interestingly, not all debt investment companies have benefitted from the more favourable markets. By historical standards, the current level of RECI’s discount is very high, ca.10% above the 10-year average. RECI was at an average 2% premium in 2015-19, and traded at premium again in 2021-22, leaving room for investor concerns to moderate considerably by just reverting to historical average levels. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/reci-why-the-discount-has-been-closing-and-its-outlook/ If you are interested in meeting the company, you can register your interest by clicking on the above link. To contact us: Hardman & Co 9 Bonhill Street London EC2A 4DJ www.hardmanandco.com Follow us on X: @HardmanandCo Contact: Mark Thomas Mike Foster [e-mail] [e-mail]   Hardman & Co Research can be accessed for free under MiFID. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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2008987  15-Oct-2024