Notice of Results

RNS Number : 4174F

Real Estate Credit Inv. PCC Ltd

12 November 2015

 

Notice of Results for the Half Year Ended 30 September 2015

Real Estate Credit Investments PCC Limited

Real Estate Credit Investments PCC Limited (the "Company"), a closed-ended protected cell company incorporated in Guernsey, will be announcing its results for the half year ended 30 September 2015 on Friday, 27 November 2015. There will be a conference call at 10.30 A.M. for investors and analysts following the 7.00 A.M. announcement.

The conference call can be accessed by dialing + 44 (0)20 3059 8125 ten minutes prior to the scheduled start of the call. Please reference Real Estate Credit Investments PCC Limited.

A results presentation will be available on the Real Estate Credit Investments PCC Limited website (www.recreditinvest.com).

A webcast of the conference call will also be available on a listen-only basis at www.recreditinvest.com.  Please allow extra time prior to the call to visit the site and download the necessary software required to listen to the internet broadcast. A replay of the webcast will be available for three months following the call.

For further information please contact:

Public Relations:                                  James MacFarlane                    [phone]

Investor Relations:                              Nicole von Westenholz            [phone]

About the Company

Real Estate Credit Investments PCC Limited is a protected cell company (the "Company"), being a cellular company governed by the Companies (Guernsey) Law 2008, comprising a core segment (the "Core" or "RECI") and a cell segment (the "Cell" or "ERII") each of which has its own portfolio of assets, investment objective and sub-section of the Company's Investment Policy.

The RECI Ordinary Shares (ticker RECI LN) reflect the performance of the Company's Core real estate debt strategy.  The RECI Ordinary Shares are currently listed on the premium segment of the Official List of the UK Listing Authority and trade on the Main Market of the London Stock Exchange plc. RECI Ordinary Shares offer investors a levered exposure to a portfolio of real estate credit investments and aim to pay a quarterly dividend.   Such leverage is provided by the RECI Preference Shares (ticker RECP) which confer the right to a preferential cumulative dividend (which is an amount in Sterling equal to 8 per cent per annum of the Preference Share Notional Value) payable quarterly on each Payment Date. The RECI (RECP) Preference Shares are listed on the standard segment of the Official List of the UK Listing Authority and trade on the Main Market of the London Stock Exchange plc.

The real estate debt strategy focuses on secured residential and commercial debt in the UK and Western Europe, seeking to exploit opportunities in publicly traded securities and real estate loans.  In making these investments the Company uses the expertise and knowledge of its investment manager, Cheyne Capital Management (UK) LLP. The Company has adopted a long term strategic approach to investing and focuses on identifying value. 

The Cell within the Company is known as 'European Residual Income Investments Cell' or 'ERII'. The trading of the Cell Shares on the Specialist Funds Market of the London Stock Exchange (ticker ERII LN) was cancelled at the end of 2014 following the realization of ERII's substantive assets. There is one Residual Income Position remaining as at 30 September 2015. That position has been held at zero value since ERII was created.

This announcement includes statements that are, or may be deemed to be, "forward-looking statements". These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "forecasts", "estimates", "anticipates", "expects", "intends", "considers", "may", "will" or "should". By their nature, forward-looking statements involve risks and uncertainties and readers are cautioned that any such forward-looking statements are not guarantees of future performance. The Company's actual results and performance may differ materially from the impression created by the forward-looking statements and should not be relied upon. The Company undertakes no obligation to publicly update or revise forward-looking statements, except as may be required by applicable law and regulation (including the Listing Rules). Past performance of the Company cannot be relied on as a guide to future performance . In this section, unless otherwise defined, capitalised terms have the meaning given to them in the Company's prospectus dated 16 October 2013.

 

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