Notice of Resuts

RNS Number : 5561Z

Real Estate Credit Inv. PCC Ltd

31 May 2016

 

 Notice of Results for the Year Ended 31 March 2016

Real Estate Credit Investments PCC Limited

London, 31 May 2016 - Real Estate Credit Investments PCC Limited (LSE: RECI, RECP) will be announcing its results for the year ended 31 March 2016 on Friday 17 June 2016. A results presentation will be available on the Real Estate Credit Investments PCC Limited website (www.recreditinvest.com).

For further information please contact:

Investor Relations:         Nicole von Westenholz (Cheyne)                            [phone]

Broker:                                Richard Crawley (Liberum Capital)                          [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"). The Company had a cell segment, known as 'European Residual Income Investments Cell' or "ERII". The final Residual Income Position which remained in the Cell was realised in January 2016, and the remaining cash distributed in March 2016. As at 31 March 2016 the Cell has no assets and a zero trial balance and therefore only the information of the Core is displayed in these financial statements.

The Core 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 Alternative Investment Fund Manager ("AIFM") or ("Investment Manager"), Cheyne Capital Management (UK) LLP ("Cheyne"). The Company has adopted a long term strategic approach to investing and focuses on identifying value.

The RECI Ordinary Shares (ticker RECI) 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 preference 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 RECP Preference Shares are currently 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.

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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