Fact Sheet Announcement

Real Estate Credit Investments Ltd

11 December 2023

 

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 November 2023 is now available on the Company's website at:

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

As at 30 November 2023, the Company was invested in a diversified portfolio of 35 investments with a valuation of £322.6m.

Due to severe disruption in the German real estate and banking market from the collapse of Signa, RECI has reassessed the recovery valuation on a legacy mezzanine position exposed to a Berlin asset. RECI has therefore conservatively marked this asset down, reporting (but not realising) a small loss equivalent to 1.1p per share against the NAV.

Cash Balance as at 30 November 2023 was £16.9m.

RECI continues to take advantage of the highly accretive wider opportunities in senior mortgage lending.

A dividend of 3.0p per share was declared on 29 November 2023, to be paid on 5 January 2024.

A full attribution of changes in the NAV per share is presented in the table:

October NAV	148.4p
Interest income	1.0p
Asset valuations	(1.1)p
FX	0.1p
Expenses	(0.3)p
November NAV	148.1p

For further information please contact:

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

 

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