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Fact Sheet Announcement

10th Jun 2024 07:00

RNS Number : 6815R
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

 

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As at 31 May 2024, the Company was invested in a diversified portfolio of 28 investments with a valuation of £310.5m.

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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%.

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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)

+44 (0)20 3100 2222

Investment Manager:

[email protected] (Cheyne)

+44 (0)20 7968 7450

 

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