Fact Sheet Announcement

Real Estate Credit Investments Ltd

10 June 2024

 

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company" or "RECI"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 31 May 2024 is now available on the Company's website at:

https://realestatecreditinvestments.com/investors/fact-sheets/#currentPage=1

-	As at 31 May 2024, the Company was invested in a diversified portfolio of 28 investments with a valuation of £310.5m.
-	During the month, RECI was fully repaid at par its position in a senior loan secured against later living portfolio in the United Kingdom. RECI received c.£4.2m (net of leverage) and achieved an unlevered gross IRR 9.3%.
-	Cash Balance as at 31 May 2024 was £21.7m. Net effective leverage is 1.7%.
-	RECI continues to use its cash to invest into its existing loan commitments.
-	A full attribution of changes in the NAV per share is presented in the table:

April NAV	145.9p
Interest income	0.9p
Asset valuations	0.5p
FX	0.0p
Expenses	-0.2p
May NAV	147.1p

For further information please contact:

Broker:	Darren Vickers / Edward Mansfield (Liberum Capital)	[phone]
Investment Manager:	[e-mail] (Cheyne)	[phone]

 

END