Fact Sheet Announcement

Real Estate Credit Investments Ltd

12 May 2023

 

This announcement contains inside information

Date and time of release: 12 May 2023, 7:00 am

Real Estate Credit Investments Limited

Investment Manager Fact Sheet

Real Estate Credit Investments Limited (the "Company"), a non-cellular company incorporated in Guernsey, is pleased to announce that its Investment Manager's monthly Fact Sheet as at 30 April 2023 is now available on the Company's website at:

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

The highlights of the monthly update are provided below:

·	NAV as at 30 April 2023 was £1.480 per share, representing an increase of 1.1p per share from the 31 March 2023 NAV of £1.469 per share
·	The change in NAV per share was primarily due to receipt of net interest income
·	During the month the Company continued the rotation of the market bond portfolio into the funding of existing strong senior loans with attractive returns
·	At 30 April 2023, the Company's balance sheet leverage net of cash was 9.7% and net effective leverage, including contingent liabilities being the partial recourse guarantees provided to certain asset level structured finance counterparties, was 10.8%. The Company had £59.7m borrowings, £26.7m cash and £3.6m contingent liabilities (representing 25% of asset level borrowings subject to partial recourse)
·	The Company expects to deploy its currently available cash resources in near term commitments and continues to see a growing pipeline of senior loans at attractive floating rates
·	The Investment Manager has released its latest Company Update presentation today (12 May), which is available on the Company's website

For further information please contact:

Broker:	Richard Crawley / Darren Vickers (Liberum Capital)	[phone]
Investment Manager:	Richard Lang (Cheyne)	[phone]

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