Dividend Policy

RNS Number : 2573B

Real Estate Credit Inv. PCC Ltd

13 April 2012

 



13 April 2012

Real Estate Credit Investments PCC Limited ("RECI" or the "Company")

                                                              Dividend Policy

Dividend on RECI LN ordinary shares (the "Core Shares")

The Board of RECI has conducted a review of the dividend policy for its Core Shares. It is pleased to announce as a result that it intends in future to make distributions to Core Shareholders that reflect a higher proportion of the redemption yield of its investments, after taking into account expenses and the costs of the preference dividends. From the quarter ended 31 March 2012, it is targeting an annual dividend on the Core Shares of 6 per cent of Net Asset Value per share, payable quarterly.

There can be no guarantee that dividends will be paid to Core shareholders and, if dividends are paid, as to the timing and amount of any such dividend.

The above stated return target is a target only and is subject to change. Investors should not place any reliance on such target return in deciding whether to invest in the Core Shares.  The above target must not be considered an indicator of current or future performance.

The Board expects to make a decision in early June 2012 in relation to the dividend for the quarter ended 31 March 2012. 

For further information, please contact:

Public Relations:                             Henrietta  Dehn                           [phone]

Investor Relations:                         Nicole Von Westenholz           [phone]

 

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