Disposal

RNS Number : 2690I

Real Estate Credit Investments Ltd

10 June 2011

 



10 June 2011

Real Estate Credit Investments Limited (the "Company")

The Company is pleased to announce a significant reduction in the exposure to UK mortgage residual income investments following the successful sale of the RMAC 2004 NSP4 plc, RMAC 2005 NS3 plc and RMAC 2005 NS4 plc UK mortgage residual income investments.

The following table shows updated balance sheet positions taking into account the sale of the RMAC assets:

Bonds (as at 31 May 2011 and purchases to 10 June 2011)                       EUR 79,979,800

Remaining Residual Income Positions (using 31 Dec 2010 values)              EUR 37,144,660

Cash Balances  (as at 10 June 2011)                                                       EUR 27,432,634

For further information please contact:

Public Relations:            James Wallis                 [phone]

                                    Kate Ruck Keene            [phone]

Investor Relations:          Natalie Withers               [phone]

 

END

 

 

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